RIPOFF: Obamacare Caused Insurance Rates to Go Up By 50% On Average

Remember how Barack Obama claimed that all our insurance rates would go down? Heck, at one point he even claimed he’d save Americans $2,500 a year. Well, it turns out that his Obamacare law caused expenses to soar by over 50% on average and for some more than that. Yes, Obama lied again.

Here are some examples of Obama claiming that insurance rates would go down for most Americans with his Obamacare law…

Well, apparently this is yet another major Obamacare lie. In fact, almost no one has found lower insurance rates. On the contrary, premiums have soared in costs and they continue to rise.

It’s been five years since the Affordable Care Act became law, but only two since most of its provisions went into effect.

As its detractors predicted, Obamacare’s implementation led to a large, immediate rise in health insurance premiums. This is hardly surprising: The law required that a broad swath of treatments be fully insured, thus deepening the moral hazard problems that have long plagued the American health insurance system.

Heritage Foundation microsimulation analysis of the 2015 health insurance offerings on the ACA exchanges found that the sharp 2014 price spike was not reversed.

The average health insurance premium rose by 5 percent this year, much higher than the rate of inflation. But that increase is modest compared to the massive increase in non-group health insurance rates in 2014, which was around 50 percent on average, with some consumers facing much worse rate jumps.

This on top of the fact that Obama was given the 2013 Lie of the Year Award for his Obamacare con job.

Warner Todd Huston

Warner Todd Huston is a Chicago-based freelance writer, has been writing opinion editorials and social criticism since early 2001 and is featured on many websites such as Andrew Breitbart's BigGovernment.com, BigJournalsim.com and all Breitbart News' other sites, RightWingNews.com, CanadaFreePress.com, and many, many others. Additionally, he has been a frequent guest on talk-radio programs across the country to discuss his opinion editorials and current events as well as appearing on TV networks such as CNN, Fox News, Fox Business Network, and various Chicago-based news programs. He has also written for several history magazines and appears in the book "Americans on Politics, Policy and Pop Culture" which can be purchased on amazon.com. He is also the owner and operator of PubliusForum.com. Feel free to contact him with any comments or questions : EMAIL Warner Todd Huston and follow him on Twitter, on Google Plus , and Facebook.

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