U.S. President Barack Obama delivers remarks at a tribute to Vice-President Joe Biden (L) during an event in the State Dining room of the White House, January 12, 2017 in Washington, DC. Obama presented the Medal of Freedom to Vice President Joe Biden. (Photo by Olivier Douliery-Pool/Getty Images)
U.S. President Barack Obama and Vice-President Joe Biden share a hearty laugh while the healthcare system goes to hell. (Photo by Olivier Douliery-Pool/Getty Images)

Study: Health Insurance Premiums Are Up 55% Since Obamacare Was Enacted

Remember when then-President Barack Obama promised Americans they could keep their existing healthcare coverage if they liked it?

Yeah, that turned out to be a lie.

And remember when then-President Barack Obama said the Affordable Care Act wasn’t a path to single-payer?

Yeah, looks like that turned out to be a lie too.

Oh, and remember when Democrats promised that the Affordable Care Act would lower healthcare premiums?

Well by golly, that turns out to be a giant, stinky cow-patty whopper too!

According to a new study from the Kaiser Family Foundation  (KFF), health insurance premiums have surged 55% over the last decade – more than TWICE the pace of inflation and wages.

Fun Fact: The Affordable Care Act was signed into law on March 23, 2010.

The study also revealed that Americans who get family healthcare coverage through their employer saw their premiums climb 4% last year, with workers on average paying $5,588 toward the cost of their coverage (the ones who are still employed, that is).

What the study fails to take into account, however, is that the majority of healthcare plans that the average American can afford come with high annual deductibles. So most of those who are currently insured are protected against catastrophic healthcare costs, but you’ll still have several thousand dollars worth of skin in the game before you get there.

WIBC’s Rob Kendall and Abdul-Hakim Shabazz from Indy Politics discuss the findings of the Kaiser Family Foundation study in the clip below.

Share

Related Articles

Loading...