"I (President Obama) will sign a universal health care bill into law by the end of my first term as president that will cover every American and cut the cost of a typical family's premium by up to $2,500 a year." So much for that political promise.
The House Energy and Commerce Committee has put together the following table that projects premium increases by state:
The House Energy and Commerce Committee has put together the following table that projects premium increases by state:
Yes, I know ObamaCare advocates are saying that generous subsidies will be forthcoming to offset those ominous premium increases. But wait! Someone has to pay for those increase premium costs. Right? To that end, Obamacare’s exchange subsidies are estimated by the Congressional Budget Office to cost over $1.2 trillion over 10 years. Pray tell, how are we, as a Nation, going to pay for this trillion dollar plus subsidy? Oh, I know! It will be accomplished through deficit spending that will be monetized by the Federal Reserve System, which will further debase your purchasing power of your dollar. So, your health insurance premiums will definitely go up along with the debasement of your dollars. My advise. Get a large jar of K-Y Jelly, or better yet, buy two; because the reamer is within sight.
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