AP Fact Check: insurance premiums would RISE under ObamaCare
Et Tu, Brute?
One expects to get news about what big government programs like ObamaCare would do from, say, the Heritage Foundation. But the Associated Press? Yes, the AP, that othewise reliable bastion of cover for liberals and/or Democrats alike.
But here we are, with the AP putting out a report on their own study today which verfies what conservatives have said: that American health insurance premiums will go UP as a result of Obamacare.
Heck, even Democrat Senator Dick Durbin admitted as much last week, (see video below)...
But now we have even more "bi-partisan" verification, via the AP:
WASHINGTON — Buyers, beware: President Barack Obama says his health care overhaul will lower premiums by double digits, but check the fine print.
Premiums are likely to keep going up even if the health care bill passes, experts say. If cost controls work as advertised, annual increases would level off with time. But don't look for a rollback. Instead, the main reason premiums would be more affordable is that new government tax credits would help cover the cost for millions of people. ...
"There's no question premiums are still going to keep going up," said Larry Levitt of the Kaiser Family Foundation, a research clearinghouse on the health care system. "There are pieces of reform that will hopefully keep them from going up as fast. But it would be miraculous if premiums actually went down relative to where they are today."
Of course this doesn't even take into consideration that there will likely be fewer insurance companies to get insurance from in the future, as many go out of business as a result of having the government dictate an unworkable business model that doesn't allow them to take pre-existing conditions into account.