It's not just the higher taxes middle and lower income workers are now paying (higher increase than the rich). It's not just higher gas prices and inflation on food, clothing and other essentials; all of which impacts lower income families the most. Now, add to that the cost of health care under ObamaCare.
Saturday's New York Times tells the story:
Health insurance companies across the country are seeking and winning double-digit increases in premiums for some customers, even though one of the biggest objectives of the Obama administration’s health care law was to stem the rapid rise in insurance costs for consumers.
Particularly vulnerable to the high rates are small businesses and people who do not have employer-provided insurance and must buy it on their own.
In California, Aetna is proposing rate increases of as much as 22 percent, Anthem Blue Cross 26 percent and Blue Shield of California 20 percent for some of those policy holders, according to the insurers’ filings with the state for 2013.
This comes on top of multiple news reports from last year describing how most family have seen increases up to $3000. (1,2)
The official legislative title Democrats choose for ObamaCare was the "Patient Protection and Affordable Care Act." During his 2008 presidential campaign and while campaigning for passage of the bill Obama repeatedly said that it would save the average family $2,500 a year. Instead the opposite occurred. Politifact rates this as another Obama promise broken. Not one Republican in either the House or Senate voted for the bill. Obama and the Democrats own it and the consequences which flow from their actions.
Actually, the collapse of meaningful reform that would control rising health costs plays right into the hands of those who advocate more big government as it strengthens their case for a complete take over of health care by the federal government. But be warned. Those who think such a system will be either cheaper or provide better care will be as sadly mistaken as those who believed ObamaCare would lower health insurance premiums.
Meanwhile, the unemployed and others struggling in this bad economy continue to see the cost of everything going up and up with no end in sight. You can thank Obama for it!
UPDATE: Let's not forget all those new taxes in ObamaCare which are about to hit!.Expect health care costs to soar even higher!