Obamacare's Reckless Promises

Obama: You will see 'premiums fall by as much as 3,000 percent' under Obamacare

David Gibberman writes:

Monday in Strongsville, Ohio, President Obama said that ObamaCare will reduce health insurance premiums by "3,000 percent." Considering that a 50 percent decrease in premiums would mean that we'd be paying half as much as we now pay for health insurance and that a 100 percent decrease in premiums would mean that we'd be paying nothing for health insurance, President Obama is telling us that insurance companies will actually start paying us money to keep our health insurance.

If your current  health insurance policy costs $5,000 a year, insurance companies will pay you $145,000 a year (2,900 percent multiplied by $5,000). If you're fortunate enough to be paying $25,000 a year for health insurance, insurance companies will pay you $725,000 a year.  . . . .

Just think, America: These are the people telling us that they know best how to run 1/6 of our economy.

And you can take those promises to the same bank where you took the rest  of Obama's promises.

Comments

[proof]

Maybe we should consider a financial literacy test for prospective presidential candidates?

[A.C. McCloud]

Heh, they put a [sic] behind it in the transcript, but left in the 'applause' after the comment. Applause? Yeah, who wouldn't applaud after being told they would get free insurance?

It's sort of like the 10,000 people he said died in a Kansas tornado--they let him get away with it over and over.