It’s like those coupon booklets that contain “$150 worth of savings.” Yeah, if you buy $2,000 worth of stuff you don’t need. But hey, that’s “money back in your pocket,” right?
Pelosi’s like the used car salesman on “insomnia” TV who says that they’ve slashed their prices, bringing them down from $5,000 to $4,000, a savings of a whopping $1,000. (I hate that word. “Whopping.”) “Just put that $1,000 right back in your pocket!” the overenthusiastic and unctuous junk salesman might quip to his hypnotized viewers.
OK, maybe Pelosi’s not exactly like that, but you get the idea. Here’s what she said at a recent press conference:
“With this landmark law in place, we will be holding insurance companies accountable, we will be enhancing patients’ rights, putting money back in the pockets of consumers with the medical loss ratio, and reducing the cost and strengthening the economic and financial and health security of working families. Because of the law, in the coming months Americans will have expanded choices and more affordable care.”
But rates are rising. People can’t afford health insurance as it is, and it will only get worse under Obamacare. Here in Georgia, it’s estimated that costs will rise by 198%.
In a letter to HHS Secretary Kathleen Sebelius, Georgia Insurance Commissioner Ralph Hudgens wrote:
“Georgia consumers cannot afford these massive rate increases… President Obama promised Americans that Obamacare would lower rates, but here in Georgia insurance companies are demanding massive rate increases up to 198 percent for some individuals.”
How is it going to “put money back in the pockets” of millions of people who don’t have insurance? Going from zero insurance to “affordable” insurance is going to cost. It doesn’t matter how “affordable” it is. And if you’re unfortunate to make just above the income threshold to qualify for the federal Obamacare subsidy, then you’ll be paying through the nose for health insurance.
The people that will benefit most from Obamacare are the insurance companies and government officials. The government wants more power and control over people, and insurance companies want more customers. It’s a win-win situation. Of course, we end up the losers, but our loss is their gain, and that’s all that really matters.