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FBN’s Gerri Willis on the unintended consequences of the health-care law allowing children to stay on their parent's health insurance until age 26.
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Well I've shared my share of criticism of Obama -- you've heard it all but now we're beginning to find that even the parts of the law people -- alike.
Are creating new problems take apart that would let kids stay on their parents helped plan until age 26.
Now despite what the administration says that coverage is not free.
According to the Department of Health and Human Services but costs is as much as 3400 dollars per kid each year insurers just pass that back on the company's giving their employees' benefits.
What's the outcome employer stock offering at.
-- -- largest union administered health insurance fund is now dropping dependent coverage for 30000.
Employees.
That's thousands of children that are losing insurance all thanks to Obama cares expanded coverage so.
You think it may be the college age kids should turn to their school's student health plans.
But that's turning into another disaster.
Colleges across the country giving up their student health plans they've calculated the higher levels of coverage required by Obama -- would increase the cost of premiums.
By a 1000%.
And students -- some Catholic universities are losing all their insurance business schools have a moral objection to the requirement they offer contraceptive coverage.
Well -- think you can just -- an individual plan for your kids think again the ban on discriminating against children with preexisting conditions.
Has been driving insurers out of the marker -- market that is insurers in twenty states are giving it -- have given up offering children only insurance plans.
So government regulations meant to protect kids are now punishing them.
But what about the promise of insurance would be cheaper.
Well the Cato Institute calculates obamacare has already added two to 3% to premium prices that's already happened.
And we're just starting to see these policies going to have to effect.
It will get worse in the next four years individuals we'll see their premiums go up nineteen to 30%.
Now this doesn't come from -- it doesn't come from opponents of the law this is the updated projection from the MIT economist who designed the law.
Talk about unintended consequences.
-- come threaten all of these obamacare disasters is there the result of the president promising us that promising us something for nothing.
But there's no such thing as a free lunch someone have to pay -- of course it's -- the taxpayers.
