Harry Reid is saying that the Senate version of Obamacare will have a public option but finding the votes looks like a tough gig. Joe Lieberman says that he’ll filibuster that bill! Good for Joe. Why? Check out this info on WSJ from the WellPoint study which is being trashed by the Dems, natch, ’cause a big-bad-ol’ insurance company has mined their own actuarial data and it shows Obamacare to be the debacle that we on the right have known all along:

In fact, what distinguishes the Wellpoint study is its detailed rigor. Take Ohio, where a young, healthy 25-year-old living in Columbus can purchase insurance from WellPoint today for about $52 per month in the individual market. WellPoint’s actuaries calculate the bill will rise to $79 because Democrats are going to require it to issue policies to anyone who applies, even if they’ve waited until they’re sick to buy insurance. Then they’ll also require the company to charge everyone nearly the same rate, bringing the premium to $134. Add in an extra $17, since Democrats will require higher benefit levels, and a share of the new health industry taxes ($6), and monthly premiums have risen to $157, a 199% boost.

Meanwhile, a 40-year-old husband and wife with two kids would see their premiums jump by 122%—to $737 from $332—while a small business with eight employees in Franklin County would see premiums climb by 86%. It’s true that the family or the individual might qualify for subsidies if their incomes are low enough, but the business wouldn’t qualify under the Senate Finance bill WellPoint examined. And even if there are subsidies, the new costs the bill creates don’t vaporize. They’re merely transferred to taxpayers nationwide—or financed with deficits, which will be financed eventually with higher taxes.

Yeah — the Dems are scared of this type of data getting out into the real world, not that Obama’s MSM lapdogs will put it out in mass. But now, you know!

This entry was posted on Wednesday, October 28th, 2009 at 9:26 am and is filed under Health Care Wars, Obamacare Nightmares. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.  |   Print This Post  |   Email This Post

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Tags: health industry, insurance premiums, joe lieberman, Obamacare, private insurance, public option, senate finance