Tags: insurance | health | obama

Report: Family Insurance Doubles with Obamacare

Monday, 12 Oct 2009 02:30 PM

By Theodore Kettle

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The Obama White House immediately tried to discredit a new PriceWaterhouseCoopers study on the costs of the health care reform bill being voted on Tuesday by the Senate Finance Committee – and with obvious reason.

Newsmax obtained a copy of the devastating report. In its section entitled “Potential Impact of Health Reform on the Cost of Private Health Insurance Coverage,” the prestigious independent accounting firm warns of “new taxes on health sector entities that are likely to be passed through to consumers.”

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It noted that the current cost of the average family’s coverage is about $12,300. But under the Obamacare bill set to be voted on, that would increase to approximately:

  • $17,200 by the year 2013.

  • $21,300 by the year 2016.

  • $25,900 by the year 2019.

    The report warns that “the cost of family coverage is expected to increase by $4,000 more than it would under the current system.” It adds that “This amounts to an additional 18 percent increase in the cost of health insurance coverage by 2019.”

    The White House’s panicked response has been to make a dubious challenge to PriceWaterhouseCoopers’ competence. “Those guys specialize in tax shelters,” Nancy-Ann DeParle, director of the White House Office of Health Reform, told the Washington Post. “Clearly this is not their area of expertise.”

    Going back to the boisterous town hall meetings of the summer, the White House’s biggest problem in selling Obamacare has been that so many Americans are pleased with the health insurance coverage they now have.

    If families now find out Obamacare means they’ll be paying over $25,000 for health care within a decade, President Obama’s main campaign promise could soon come to a screeching halt.

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