Obamacare – The Unaffordable Care Act, is a much more appropriate descriptor to what was signed into law back in March of 2010. Offically known as The Patient Protection and Affordable Care Act (PPACA), the legislation hasn’t lived up to it’s name. In a perfect legislative world, PPACA was aimed primarily at decreasing the number of uninsured Americans and reducing the overall costs of health care.
You might remember the following –
A town hall meeting in New Hampshire on Aug. 11, 2009, where Obama said, “If you like your health care plan, you can keep your health care plan.”
“If you’re one of the more than 250 million Americans who already have health insurance, you will keep your health insurance.”
Barack Obama on Thursday, June 28th, 2012 in a speech at the White House
It’s now 2013 and the president has been offically inaugurated for his second term. So just how is PPACA doing at keeping down the “overall costs of health care?” At Nicholls State University, students have seen their health care premiums rise by 1,903%. No, that no misplaced decimal point. Nicholls students who had been paying $75.05/year for their basic health insurance coverage have seen that price rise to, $1,503/year for the same basic coverage.
A quick survey of other University programs shows health care premium increases from 54% to student health care options being completely dropped due to the doubling of costs. It might be time to review the president’s own words on the issue again.
One of the president’s health care advisors stated that health care premiums in Wisconsin will increase by an average of 30%. Milliman, an actuarial consulting firm reported that in Ohio, “individual health insurance market premiums are estimated to increase by 55% to 85% above current market average rates (excluding the impact of medical inflation).”
And who can forget tax increases. From now and until 2022, Obamacare increases taxes by $1.2 trillion, which amounts to $15,796 for the average family of four. Yes indeed, welcome to The Unaffordable Care Act.