Obama: You will see ‘premiums fall by as much as 3,000 percent’ under Obamacare
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. There’s no word whether you can purchase a more expensive health insurance policy to increase the amount of money that insurers pay you each year.
Just think, America: These are the people telling us that they know best how to run 1/6 of our economy.