Monday, February 13, 2012

Obamacare - #3653 - Obamacare Architect: Expect Steep Increases in Healthcare Premiums - Daly Caller (2) VIDEO: Cramer: Business Leaders Fear Obamacare More than Anything - The Right Scoop

Medical insurance premiums in the United States are on the rise, the chief architect of President Barack Obama’s health care overhaul has told The Daily Caller. Massachusetts Institute of Technology economist Jonathan Gruber, who also devised former Massachusetts Gov. Mitt Romney’s statewide health care reforms, is backtracking on an analysis he provided the White House in support of the 2010 Affordable Care Act, informing officials in three states that the price of insurance premiums will dramatically increase under the reforms. In an email to The Daily Caller, Gruber framed this new reality in terms of the same human self-interest that some conservatives had warned in 2010 would ultimately rule the marketplace. “The market was so discriminatory,” Gruber told TheDC, “that only the healthy bought non-group insurance and the sick just stayed [uninsured].” “It is true that even after tax credits some individuals are ‘losers,’” he conceded, “in that they pay more than before [Obama's] reform.Gruber, whom the Obama administration hired to provide an independent analysis of reforms, was widely criticized for failing to disclose the conflict of interest created by $392,600 in no-bid contracts the Department of Health and Human Services awarded him while he was advising the president’s policy advisers. Gruber also received $566,310 during 2008 and 2009 from the National Institutes of Health to conduct a study on the Medicare Part D plan.

Cramer: Business Leaders Fear Obamacare More than Anything - The Right Scoop - Mad Money's (CNBC) Jim Cramer says that Obamacare is hurting the economy (February 13, 2012).

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