We all remember how then-candidate Obama promised a health care program that would save the average American family $2500 in health care costs.
Not long after, we all remember then-Speaker of the House Nancy Pelosi telling us that we have to pass the bill to actually know what was in it.
Well, it was passed. And, not surprisingly, ObamaCare has not brought about cheaper healthcare—but more expensive health care, as this chart shows.
To be clear, it is not just Republicans saying this…
“…a new study from the well-respected and non-partisan National Bureau of Economic Research (and published by Brookings Institution), overcomes the limitations of these prior studies by examining what happened to premiums in the entire non-group market. The bottom line? In 2014, premiums in the non-group market grew by 24.4% compared to what they would have been without Obamacare.”
Apparenly, even the AFL-CIO agrees that ObamaCare is too expensive.
In recent years, out-of-pocket expenses working people pay to use their health insurance have been increasing. The Kaiser Family Foundation found that “[s]ince 2010, both the share of workers with deductibles and the size of those deductibles have increased sharply. These two trends together result in a 67% increase in deductibles since 2010, much faster than the rise in single premiums (24%) and about seven times the rise in workers’ wages (10%) and general inflation (9%).” Because deductibles are increasing much faster than wages, patients aren’t seeing the slowdown in health spending that has been in the news lately.
So, whats next? An even bigger government fix?