Obama: “Premiums will drop 3,000% with Obamacare”

President Obama today, in his infinite wisdom, stated explicitly that his health care reform plan would drop the amount paid by your employer in health care premiums by 3,000%. That’s three-thousand percent. Simply doing the math here explains how there might be a minor issue with that statement considering that dropping premiums 100% would eliminate them altogether. One wonders how ObamaCare would yield a 3,000% drop for employers.

Video of Obama’s lofty promise including ill-informed fools clapping for it:

More from American Thinker:

When House Speaker Pelosi said that ObamaCare will allow Americans to realize their dream of being an artist, photographer, or writer without having to work a day job to have health insurance, some of us wondered whether ObamaCare also will cover other expenses, such as for housing and food, that force people to work a job they may not like while they pursue their dreams. Now we know the answer: yes it will.

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.

Just think, America: These are the people telling us that they know best how to run 1/6 of our economy.

This will be a fascinating aspect of ObamaCare which I’m looking forward to hearing more about. Obama will drive down premiums so low that insurance companies will actually begin paying employers. What stuns me is that the people clapped for it, they just took it at face value and digested it as if it was backed up by simple math.

Imagine if President Bush or Gov. Sarah Palin had made such a statement? The liberals in the mainstream media would get the permissions slips signed and leave for a week long field trip immediately.

  • D.D.Mao

    Why doesn’t the president do what he does best and everyone is waiting for:

    FILL OUT HIS BRACKET FOR MARCH MADNESS!

    THATS WHAT YOUR PRESIDENCY HAS COME DOWN TO!

  • Doh’bama!

    I can honestly say that I now understand exactly how the Dixie Chicks feel; I am completely embarassed that this clown is our President.

  • Bill Hedges

    In recent past, I’ve had complaints from 3 previous regulars that stated I attacked comments and wrote too much. Some unknown name to me repeated same complaint. I pled guilty to writing too much. I do respond to those that write things I disagree with. If insulted I would give as I was given (that desire I try to withhold even more now).

    I believe I am known for using links and defending Bush. Bush is no god neither is he a demon. He gets blamed for far more than is warranted.

    So I went to a very, very liberal site. Not naming of course. Bush bashing was so so common. Outlandish remarks, etc, etc, and etc…

    I stayed clear focused and answered every Bush remark with facts and links. Read one remark I cited porn links. Today I am proud to say I see few Bush bashing comments. Other conservatives are speaking up louder. Last night I was met with links on many conservative comments expelling liberals views. No liberal links presented and liberals mostly silent today. This link is a very well known liberal source.

    A new Author wrote a article in Nate style today. Another one has been there since I went there. So I now have three authors I admire. 4 counting CG.

    I have 2 soul friends there. With others pushing back empty headed liberal beliefs. I say that only because it’s true from my perspective and experience.

    I came to this site a virgin. Never did this sort of thing before. All I have learned I give credit to this site. Thank-you Nate and Conservative Gal. Enjoy seeing her thrown those kisses as well.

    I sleep threw the morning and don’t know if Gibbs cleared up the 3,ooo% matter. I suggest the President write on his hands and legs and dump the prompter. Maybe the President should wear no clothes and write it all out. Alas, the trouble is not with the prompters

    Obama spoke on Fox today (things must really look doubtful). Got to watch this. He actually repeated his empty old campaign line that health care bill will be online. Nancy Peliso said after its law.

    What is most disheartening, are folks yelling, screaming, and clapping to 3,000 %. These are those still left supporting obama ?

    After a year with filibuster proof Congress and not passing health care into law, Pelosi will ‘deem’ health plan did pass and finagle its passing. In doing so, The People will deem, ‘its passing’, that being Democrat party.