Bend Over and Cough: Some Insurance Rates to Quadruple with Obama’s “Good Deal” on Healthcare

When you live in a fancy house paid for by taxpayers, go on dozens of luxury vacations per year paid for by taxpayers, and have armies of servants cooking for you, cleaning for you, and protecting you (also paid for by…you guessed it – the taxpayers), I think it’s fair to say your perception on a “good deal” might be a little bit skewed.

President Obama feels that the new premiums based on the Affordable Care Act (Obamacare to the masses) are quite reasonable. A positive benefit. An absolute boon to the middle class. “You’ve had is an unprecedented effort that you’ve seen ramp up in the past month or so that those who have opposed the idea of universal health care in the first place — and have fought this thing tooth and nail through Congress and through the courts — trying to scare and discourage people from getting a good deal,” Obama said. (source)

However, people have begun finding out how much they’re going to be paying.

And their ideas of  “reasonably priced” seem to differ with that of the President.

One family in Kentucky got an unpleasant surprise when their premiums changed….it went from $333 a month to $965 a month. That’s right. With Obamacare, the family will pay nearly ONE THOUSAND DOLLARS A MONTH for the exact same coverage.

“When I saw the letter when I came home from work, it said ‘your action required, benefit changes, act now.’ Of course, I opened it immediately,” said Andy Mangione.

Andy Mangione told Fox News veteran reporter Jim Angle that nothing had changed about the health of his wife, himself, or their two boys.

“This is a high deductible plan where I’m assuming a lot of risk for my health insurance for my family,” Mangione told Fox News. “And nothing has changed, our boys are healthy—they’re young—my wife is healthy. I’m healthy, nothing in our medical history has changed to warrant a tripling of our premiums.” (source)

Tennessee Senator Lamar Alexander released a report with shockingly high percentage  increases for average citizens of his state:

— Today, a 27-year-old man in Memphis can buy a plan for as low as $41 a month. On the exchange, the lowest state average is $119 a month — a 190 percent increase.

— Today, a 27-year-old woman in Nashville can also buy a plan for as low as $58 a month. On the exchange, the lowest-priced plan in Nashville is $114 a month — a 97 percent increase. Even with a tax subsidy, that plan is $104 a month, almost twice what she could pay today. (source)

A Forbes magazine report shared the same conclusion about the dramatic increase in prices. The state-by-state analysis is a must-read.

Based on a Manhattan Institute analysis of the HHS numbers, Obamacare will increase underlying insurance rates for younger men by an average of 97 to 99 percent, and for younger women by an average of 55 to 62 percent. Worst off is North Carolina, which will see individual-market rates triple for women, and quadruple for men. (source)

According to Health and Human Services Secretary Kathleen Sebelius, “For millions of Americans, these new options will finally make health insurance work within their budget.”

The problem is, healthy Americans who rarely use insurance will be obligated to pony up for Americans who are not healthy (some of them from poor lifestyle and nutritional choices). Below is a comparison of the lowest rate through Obamacare with the lowest rate currently available. If you are not eligible for subsidies, here’s what you’ll be paying (per person). (source)