All last week, the news media's attention was focused on the Catholic Church's objection to being forced to provide free conception under the latest ObamaCare edict. However, there's a bigger problem for all of us regarding the free contraception mandate. That is how much your health insurance premiums will be increased as a result of forcing insurers to provide that free contraception.
Somewhere between 60 and 80 million woman will now become eligible for this latest ObamaCare handout. Planned Parenthood estimates that women spend between $15 and $50 a month for various contraceptive methods, devices and drugs. So, when you add it all up, the health insurance industry is probably going to have to cover $30 billion dollars a year or more in providing contraception coverage. But don't expect the insurance companies to eat that cost. You and I will pay that amount in higher premiums. My guess is that it could amount to $200 to $300 in higher family insurance premiums. Once again, Obama's promise of lowered health care insurance premiums fails to be a reality.
Already, the average family's insurance premium has risen from just around $13,000 a year to over $15,000 since Obama took office. I suspect that $20,000 a year is not too far off; especially, if the President keeps mandating freebee services under ObamaCare.
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