PricewaterhouseCoopers Predicts Obamacare Horror Story: Skyrocketing Premiums, Employees Dumped Into Government Exchanges…
(Reuters) — PricewaterhouseCoopers (PWC) recently released its annual report on medical cost trends for 2012, and it is revealing.
1) The report shows health care costs and premiums continuing to rise-and uncertainty increasing for employers who offer insurance to their workers. Health care spending increased by 7.5 percent in 2010 and will grow by 8 percent this year.
2) In 2012, it will rise again by 8.5 percent. This is exactly the opposite of the President’s promise that his health care plan would reduce premiums by $2,500 per person.
3) Perhaps most concerning are the findings of a survey also released by PWC divulging how employers are likely to react to Obamacare. The survey showed that nearly half of employers will drop their coverage, dumping employees into the government-run exchanges.
HT: Fox Nation
Posted by ZIP on Tuesday, June 21, 2011, at 10:55 am | 
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Watch out, PWC. This administration is coming after you for baring the truth and exposing one of the biggest lies the Federal government has ever foisted on its citizens.
Duh!!! I’ve said this from day one. It’s smart. Why pay $15,000 per employee when you can pay a much smaller fine?
The politicians knew this would be the outcome.
No way should Romney or Huntsman get the nomination if we’re to repeal this tyranny.
Oh, say it isn’t SO!
That Obama. He promise.
Ah going to the doctor… picture a day at the DMV with these “exchanges”.
Dumping everyone into Government Exchanges is/was the goal of the Obama Regime from the get-go. First step in the complete takeover of the health care system by the Federal Government. We will soon be looking longingly at the disaster that is the National Health Service in the UK as a goal to reach up towards…. Yay.
@zipity:
Exactly. Its a feature, not a bug.
8.5%?? really? I am faced with over a 20% increase in Connecticut. They are raising the rates because they are going to have to absorb everybody+dog.
I have provided for my employees in the past, and have not been able to take a dime out of the company for six months. –but now I have to drop regular coverage and go on a Health Savings Account. After I pay $7,000 out of pocket I then get some relief.
Thanks a bunch ObamaCare.
@zipity @vagabond trader
Imagine that, an attempt to crash the system will actually crash the system.
You can keep your doctor, you can keep your insurance. He ain’t lying – you can keep both if you have enough money. The only people that will be able to extend their lives with healthcare will be the rich elites. Good way to get rid of all the “other people” that are using up the elite’s resources and screwing up their life experience here on earth.
Anyone who votes for this character is either a total complete fool, don’t care, wants America to become a bankrupt socialist communist second rate nation, are just plain ignorant. America’s future is at stake, their are so many people out there who do not realize what oBama is doing right before their eyes. please pray for our country!
Received a letter last week from American Airlines retirees insurance program saying that my insurance will expire Jan. 2014 when obamacare goes into effect.
PWC….now you have a target painted on your front and your back! You will now see hao it feels to be bitch-slapped by real Cheecago thugs!