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Right now a new report from the Wall Street Journal saying that health insurance rates could double even triple.
Under Obama care for some folks in younger healthier Americans well they're really gonna take -- wallop the biggest financial hit a ball.
Notwithstanding many assurances especially from the president that premiums would not go up under the federal law about to take a fact.
In a minute president -- this thing the affordable health care act maybe it ought to be renamed the unaffordable health care act.
Well you know it.
A lot of young Americans supported the president you have to wonder whether they understood what they were supporting when they supported the president in the health care law.
I think that a lot of them thought.
They were supporting this law and that for -- very little about a money they'll get a lot of benefits.
When in actuality they're gonna base -- basically be subsidizing.
Those who are sick and those were old friend -- -- Wall Street Journal reported and it's in line with other studies.
That under the state exchanges they can be paying two to three times more than what is available right now I hurt for insurance that -- -- particularly top.
And it dovetails with the study done at Stanford University by professor of law and economic Stan Kessler.
Put it up on the screen -- you this I mean if you're under.
Age 45 under obamacare.
Look at this a California male living in San Francisco you're gonna pay 62%.
More per month or again.
In Portland you're gonna pay 78 more per cent more per month.
And now let's move on -- some other states in Missouri 89%.
More Indiana 91%.
In Nevada a 101%.
Funny with what ever -- of the president's promise that this.
There's -- lower costs.
Right he he promised that one point that it can lower cost as much as 2500 dollars per family of four.
He promised during the campaign the cost was -- go down the premiums would go down.
But the real question it raises Greg.
Whether these these kids are these these young adults -- actually pay -- and buy insurance instead just take a penalty which is 1% of their gross income.
Which will be far less than the the rates they'd have to pay to get insurance.
And if they do that that could undermine the whole infrastructure of the whole structure of the health care law.
Because they're depending on young people paying in the subsidized.
-- be sick and elderly and if they don't do it.
Well that that that's a question of how the law will stand.
Did you get your insurance through your job -- look out because Jamie it's estimated now.
30% of the insurance cost and we're talking double and triple.
Are now going to be shifted on to the workers so that means essentially for those workers all over America reduced wages.
Some people are gonna lose their jobs.
Employers are -- either fire people or put full timers in -- part time status to comply -- this.
If that happens.
I mean that's gonna negatively impact economic growth across America want -- Absolutely any you know.
Like there's not a zero sum game you know when you have legislation.
So there are bad effects and there are good affects the problem is -- this health care law.
We were sold to -- sold it like it was fantasy land.
That if we pass this law only good things are gonna happen.
And now when this begins to become implemented -- -- suddenly people that support this law and thought this is going to be great and dandy.
Are realizing there's going to be a lot of bad -- some of that are going to be on them.
Now the president kept saying over and over again everything every speech he kept saying if you like your plan.
You're gonna get to keep it well now we've got this lead DHS memo that says two thirds of businesses.
In 80% of small businesses.
Are actually going to be forced to change the -- -- don't get -- keep your plan and then.
You've got the association of a medical mayor American medical colleges sane.
There's going to be a doctor shortage of 63000.
Doctors in just two years and a hundred in 40000.
I mean what isn't back -- -- mean that quality and access.
Will go down.
Right and there was already -- doctor shortage win this bill was put into place so I don't know how people thought that they can that so many more people to the rules of health insurance.
And and still think they were to get acceptable.
Health care whether where few if you're -- -- of doctors to take care of the people that -- had health insurance.
And the question is what political ramifications will this happen when people realize what they thought they are getting is not what they were getting how that will affect the polls in 2014 and 2060.
Yeah -- originally this was supposed cost a billion to implement.
Well now now the CBO is saying five to ten billion dollars -- -- CBO is also -- and you know what after all is said and done you're still gonna have.
Twenty million Americans.
Who were on insured all right Jamie Weinstein.
Thanks very much.
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