Well, do’h, as the children say. Of course mandating that 25-year-old “children” can remain on their parents’ policies was always going to raise the cost of those policies. So will extending insurance to 32 million more people. So will mandating coverage for pre-existing conditions. So will. . . . As for the 1 percent increase, that’s for people who get their insurance from, say, the New York Times. “The new benefit,” notes the Gray Lady blithely, “will cost $3,380 for each dependent.... Parents [who pay for their own insurance] would face an estimated additional premium of $2,360.” Blue skies! – Dan Ford
WASHINGTON (AP) -- Letting young adults stay on their parents' health insurance until they turn 26 will nudge premiums nearly 1 percent higher for employer plans, the government said in an estimate released Monday.
Tuesday, May 11, 2010
Why don't they just let the government pay for it?
One of the more amusing aspects of ObamaCare has always been the pretense that somehow government intervention could increase coverage at no cost, meanwhile lowering the deficit. Yesterday the NYT dropped the first shoe:
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