Everything we were promised about the cost of Obamacare was a lie.

Obamacare promises

By Guest Column R. Earl Warren (Bio and Archives)  Monday, May 7, 2012 | Print friendly | Subscribe | Email Us

If 100 companies can save $28.6 billion dollars, you can bet they’ll do so. You see, by paying the penalty for not carrying private coverage and forcing employees onto the public system, the companies and their owners or shareholders win. And why not? Obamacare offers companies a way to provide coverage and save money.  Anybody in their right mind would jump at the chance.

Let’s examine the reasons.  First, private companies will have to raise rates as their pool of covered insured shrinks and they won’t have the bargaining power to negotiate contracts with providers. So, those who stay on private insurance will see an increase in premiums and an increase in the cost of services.

Then, all those people forced onto Obamacare will push the cost of that program through the roof and we will pay again.

Everything we were promised about the cost of Obamacare was a lie. The cost of the program will likely bankrupt families and businesses on the road to bankrupting the government. You simply cannot insure large numbers of people without it costing someone. That someone is you and me.

R. Earl Warren
Englewood, FL