Way back in 2008, Obama worked hard at buying Americans’ votes.
He promised a litany of government programs that would help the down-and-out. He made empty claims that he could restart our hampered economy. He bamboozled entire generations by making them believe he was going to provide jobs when they got out of college.
Jump eight years later and we’re in a worst state than before. Obama’s attempt at providing jobs was the American Reinvestment and Recovery Act that dumped billions into government agencies–agencies that would be out of cash by 2012. He encouraged bad trade deals that sent jobs and money overseas.
And of course his salvation to the down-and-out was Obamacare, one of the worst initiatives in American history. We’ve only just started to feel the effects of this disastrous piece of legislation. Unless it is soon repealed, our healthcare system will never recover.
But there’s more bad news. From Conservative Tribune:
President Barack Obama’s signature healthcare incentive, the ironically named Affordable Care Act, has slowly been draining insurers and Americans since it was implemented. One by one, insurers have announced losses and opted out of the president’s plan just to stay afloat financially.
Anthem Inc., the country’s second-largest health insurer, announced projected losses due to Obamacare along with plans to offset those losses with premium increases.
Rising costs of medical care are to blame for the increases. The Los Angeles Times reported that customers in California will see an average increase of 13.2 percent next year. That will be more more than three times the increase of the last two years combined.
I remember the massive confusion when the law was passed. People didn’t understand how a bill that forced people to buy healthcare or face penalties was supposed to make healthcare cheaper.
Now just a few years later, healthcare rates are skyrocketing thanks to Obamacare. The demand the government put on health insurance companies made it impossible for them to turn a profit. Many have backed out of Obamacare (limiting users’ options); the ones too stupid to leave have no choice but raise rates.
Just last week, Humana announced that it was pulling out of practically all Obamacare markets. Earlier this year, United Health and Blue Cross and Blue Shield also announced they would be leaving most Obamacare exchanges, citing huge losses.
“We’re paying more for less,” said Jamie Court, president of Consumer Watchdog in Santa Monica. “Insurers are limiting access to doctors and hospitals while also demanding a higher price.”
Remember when Obama promised “More options with lower costs?” The exact opposite has happened. Instead of confronting the rampant costs and abuses within the medical industry, Obamacare punished hardworking citizens and complicated the whole process.
It’s going to continue to get worse, unless Obamacare is repealed.
Source: Conservative Tribune