75 percent of Obamacare enrollees forced to pay higher premiums, says Cleveland Clinic

Wednesday, April 16, 2014
By Paul Martin

by: J. D. Heyes
Wednesday, April 16, 2014

The head of the Cleveland Clinic said during a recent interview that three-quarters of new Obamacare enrollees are being forced to pay higher health insurance premiums, despite President Obama’s long-overdue promise that most Americans would see their premiums fall under the law.

In discussing healthcare costs and coverage during an interview with Fox News’ Maria Bartiromo on her “Sunday Morning Futures” program, CEO Toby Cosgrove and the host both agreed that more coverage is better. But there are concerns about costs, as well, he said.

“Well, people who have signed up about three-quarters of them find that their premiums are higher than they had been previously under other insurance,” he said. “Now, what we do know is it’s going to have a major effect upon healthcare providers. We know, for example, that we’re going to get paid less for what we do. Medicare is taking about $415 billion out of Medicare expenses over the next 10 years. So, hospitals are going to be paid less for what they do.”

Cosgrove also said that insurers are going to be compensating hospitals less and less as well, meaning that hospitals and health care providers will have to become much more efficient.

Premiums are going up, up, up

The Rest…HERE

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