Skip to content
Catholic Online Logo

By Catholic Online (NEWS CONSORTIUM)

9/23/2013 (1 year ago)

Catholic Online (www.catholic.org)

President's campaign promises may go up in smoke come next month

"In an Obama administration, we'll lower premiums by up to $2,500 for a typical family per year," President Barack Obama pledged on June 5, 2008. "We'll do it by the end of my first term as President of the United States." Experts working for Medicare's actuary,however have reported that in its first 10 years, Obamacare will boost health spending by "roughly $621 billion."

Wipe that smile off your faces!

Wipe that smile off your faces!

Highlights

By Catholic Online (NEWS CONSORTIUM)

Catholic Online (www.catholic.org)

9/23/2013 (1 year ago)

Published in Health

Keywords: Obamacare, family of four, Medicare actuaries


LOS ANGELES, CA (Catholic Online) - How does this number translate to a typical American family of four? Obama promised they would see $2,500 in annual savings. Taking the latest year-by-year projections, divided by the projected U.S. Population, adding the amount per person and multiplied the result by 4, Medicare actuaries say this amounts to $7,450 per family of 4.

This shows just how badly that promise fell short of the mark. This family of four hopefully hasn't already spent or borrowed the $22,500 in savings.

Very few well-informed Americans took this premise seriously. Factcheck.org deemed this claim as "overly optimistic, misleading and, to some extent, contradicted by one of his own advisers." 

The Washington Post less charitably awarded it Two Pinocchios ("Significant omissions or exaggerations"). Unimpeded, President Obama on July 16, 2012 doubled-down on his promise, assuring small business owners "your premiums will go down."

The president made this statement notwithstanding the fact that in three separate reports between April 2010 and June 2012, the Medicare actuaries had demonstrated that the ACA would increase health spending. The Washington Post in response dutifully awarded the 2012 claim Three Pinocchios ("Significant factual error and/or obvious contradictions.").

The average family of four has only had to face a relatively modest burden from Obamacare over the past four years, which is a little over $125. Unfortunately, this year's average burden, $66 will be 10 times as large in 2014 when Obamacare kicks in for earnest. It will only rise for two years after that, after which it hit a steady-state level of just under $800 a year. Of course, all these figures are in nominal dollars. In terms of today's purchasing power, this annual amount will rise steadily.

Click here to learn about our Saint Michael the Archangel conference this Nov 1-3!

---


Pope Francis: end world hunger through 'Prayer and Action'


Copywriter 2015 - Distributed by THE NEWS CONSORTIUM

Pope Francis Prayer Intentions for May 2015
Universal:
That, rejecting the culture of indifference, we may care for our neighbours who suffer, especially the sick and the poor.
Evangelization: That Mary's intercession may help Christians in secularized cultures be ready to proclaim Jesus.


Rosaries, Crosses, Prayer Cards and more... by Catholic Shopping .com


Comments


More Health

Beat fatigue with these healthy tips and tricks Watch

Image of The unhealthy feeling of tiredness and fatigue was scientifically noted to be caused by lack of sleep, too much coffee and low iron levels in the blood.

By Nikky Andres (NEWS CONSORTIUM)

A lot of people wake up feeling tired in the morning and the exhaustion progresses throughout the day. This causes a poor and insufficient performance on daily activities. The unhealthy feeling of tiredness and fatigue was scientifically noted to be caused by lack of ... continue reading


The newest 'cure' for breast cancer: Scientists reveal unexpected new findings with an osteoporosis drug Watch

Image of

By Nikky Andres (NEWS CONSORTIUM)

Scientists have recently discovered a way to prevent breast cancer from spreading into the bones. This could serve as good news for women everywhere whose lives can now be saved from breast cancer. Scientists hope this new discovery will finally lower death rates ... continue reading


Herpes curing cancer? New study aims to prove radical cancer treatment Watch

Image of A specific strain of the herpes virus has been used in trials to treat those who are suffering from melanoma.

By Matt Waterson (NEWS CONSORTIUM)

New research published in the Journal of Clinical Oncology suggests that a genetically modified strain of the herpes virus may be capable of killing cancer cells and preventing the growth of tumors. LOS ANGELES, CA (Catholic Online) - The herpes strain that ... continue reading


HEART, HEAL THYSELF! Radical new approach for heart failure patients Watch

Image of Hailed as an

By Catholic Online (NEWS CONSORTIUM)

It's an example of doctors saying, "Heart... heal thyself!" Oxford University researchers are touting a revolutionary treatment where the heart is encouraged to heal itself after a heart attack. LOS ANGELES, CA (Catholic Online) - Scientists believe the process ... continue reading


Is this the definitive cure for Ebola? Researchers find Ebola's 'Achilles heel' Watch

Image of

By Nikky Andres (NEWS CONSORTIUM)

Hope for new treatments that finally avert Ebola grows with the recent discovery from researchers that there is a weak spot within the deadly virus. According to researchers in New York, a specific protein that determines whether or not the Ebola virus can further ... continue reading


Milwaukee man shocks distraught family by 'coming back to life' Watch

Image of

By Nikky Andres (NEWS CONSORTIUM)

When a man from Milwaukee was pronounced dead last week, everyone, from his girlfriend to his brother, was immediately notified. The first responders made all the necessary arrangements for the corpse to be transported to the morgue. While all the preparations were ... continue reading


Revolutionary! Robotic arm controlled by thought provides breakthrough for paralyzed Watch

Image of

By Catholic Online (NEWS CONSORTIUM)

An exciting new breakthrough in robotics may now enable the paralyzed to command helpmates with everyday activity. The breakthrough came in form of 34-year-old Erik Sorto, paralyzed from the neck down after being shot in the back 13 years ago. Thanks to a ... continue reading


Ancient Chinese plant 'thunder god vine' studied as miracle drug for obesity Watch

Image of In developed nations, where food is inexpensive and plentiful, obesity has been an ongoing problem. Obesity causes heart disease, diabetes and increases the risk for heart attack and stroke.

By Catholic Online (NEWS CONSORTIUM)

A traditional Chinese medicine known as "thunder god vine" is being heralded by some scientists as the new miracle drug in the war against obesity. Scientists in an article published in the medical journal Cell last week said an extract made from the plant ... continue reading


Brain reset: Scientists uncover unusual way to get rid of brain disorders Watch

Image of

By Atarah Haely (NEWS CONSORTIUM)

By implanting special cells that emit GABA into the brains of adult mice scientists found a way to cure certain brain disorders, like lazy eye. Initially an almost impossible endeavor, the experiment led a team of scientists to a way to reset the brain and basically ... continue reading


Health in the United States: Which cities are the healthiest? Watch

Image of

By Nikky Andres (NEWS CONSORTIUM)

The American College of Sports Medicine has recently released their 2015 American Fitness Index, naming the top three fittest and the least fit cities in the entire United States. MUNTINLUPA, PHILIPPINES (Catholic Online) -  Among the thousands of cities surveyed ... continue reading


All Health News

Newsletters

Newsletter Sign Up icon

Stay up to date with the latest news, information, and special offers

Daily Readings

Reading 1, Sirach 51:12-20
12 And therefore I shall thank you and praise you, ... Read More

Psalm, Psalms 19:8, 9, 10, 11
8 The precepts of Yahweh are honest, joy for the ... Read More

Gospel, Mark 11:27-33
27 They came to Jerusalem again, and as Jesus was ... Read More

Saint of the Day

Saint of the Day for May 30th, 2015 Image

St. Joan of Arc
May 30: St. Joan of Arc is the patroness of soldiers and of France. On ... Read More

Inform, Inspire & Ignite Logo

Find Catholic Online on Facebook and get updates right in your live feed.

Become a fan of Catholic Online on Facebook


Follow Catholic Online on Twitter and get News and Product updates.

Follow us on Twitter