The promise: With Obamacare’s passage, health premiums for a family of four would decrease $2.5/year.
The reality: Once Obamacare was implemented, the promise ended up being the Washington Post’s “Biggest Pinocchio of 2013.”
Investors Business Daily is reporting that “since 2008, average family premiums have climbed a total of $4,865.” Furthermore, “Since 2006, the average annual increase for family plans at work has been 4.9%, down from around 10% a year from 1999-2005.”
But, that’s not down $2.5k/year. It’s up ~$4.87k/year.
Worse yet, the “slowing” trend began in 2006, 3 years before President Obama took the oath of office, 5 years before he signed Obamacare into law, and 7 years before Obamacare was implemented. According to a Kaiser Family Foundation report:
And the continued trend of modest premium increases has been due largely to the shift in the employer market toward health savings account-type plans, which just happened to hit the market in 2005.
Let the discussion begin…
To read the Investors Business Daily articles, click on the following links:
To read the Kaiser Family Foundation report, click on the following link: