Friday, May 31, 2013

Aren't you glad we have Obamacare?
 
A few points on Obamacare uncovered by industry analysts:
 
  • Cancer patients, according to where they live, will face large increases in costs for drugs -- one widely used drug, Gleevec, could cost the patient more than $2000 a month according to the Leukemia & Lymphoma Society.
  • Some of the sickest patients may be unable to afford their prescriptions.
  • Insurers are forecasting double-digit premium increases for individual policies as people with health problems flock to buy coverage for pre-existing conditions. That means those of us who have carried insurance for a long time will be picking up the tab for those who have been spending their money on something besides insurance premiums.
  • Millions of smokers could be priced out of insurance. They will pay a penalty of up to $4250 a year on top of their standard premiums.
But not to worry. The Obama Administration says industry warnings are overblown, and many consumers will have premium increases offset by tax credits. Again, that means those of us who have paid all along will not only pay higher premiums, we'll also pay higher taxes to pay the premiums for those who've been spending their money on something besides insurance.
 
Aren't you glad we have Obamacare?
 
"Disparities in cancer drug costs feared." The Dallas Morning News; May 14, 2013; p. 5A.
 


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