Tuesday, March 16, 2010

Math Fail

So.....Obama's Man on the Mic Gibbs says that if the healthcare bill is passed it will reduce premiums by "3000%"


Consider this from American Thinker:

"Monday in Strongsville, Ohio, President Obama said that ObamaCare will reduce health insurance premiums by "3,000 percent." Considering that a 50 percent decrease in premiums would mean that we'd be paying half as much as we now pay for health insurance and that a 100 percent decrease in premiums would mean that we'd be paying nothing for health insurance, President Obama is telling us that insurance companies will actually start paying us money to keep our health insurance.

If your current health insurance policy costs $5,000 a year, insurance companies will pay you $145,000 a year (2,900 percent multiplied by $5,000). If you're fortunate enough to be paying $25,000 a year for health insurance, insurance companies will pay you $725,000 a year. There's no word whether you can purchase a more expensive health insurance policy to increase the amount of money that insurers pay you each year..."

Wow. So now the insurance companies will be paying me, and paying me handsomely, to have health insurance. How exactly does that work? Do these people have a freaking clue what they are talking about or did Obama go "off prompter" again? I shudder at thinking people who have such a loose grasp on basic math are fiddling with such a huge segment of our economy. I don't think they know the implications of what is in this bill and I don't think they care.

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