HHS: ObamaCare Doubled Health Insurance Premiums

HHS: ObamaCare Doubled Health Insurance Premiums

Remember when Obama again and again and again promised that ObamaCare would reduce health insurance premiums by $2,500 per family per year? This is what actually happened after they rammed ObamaCare through in the dead of night without a single Republican vote:

Obamacare introduced new regulations into the health care marketplace that contributed to premiums doubling after the legislation took full effect in 2014, according to a report the Department of Health and Human Services (HHS) released Tuesday evening.

HHS compared premiums in the exchange marketplaces in 2013, one year before Obamacare regulations took full effect, to premiums in the exchange marketplace in 2017. The report found that average monthly premiums increased from $224 in 2013 to $476 in 2014. That constitutes a 105 percent increase in only 4 years.

Yet simply repealing this monstrous legislation, which was also promised many times, is no longer an option, now that Republicans actually have the power to do it. Maybe one day they will manage to replace it with ObamaCare Lite.

The $2,500 savings wasn’t the only lie we were told.

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On a tip from Torcer. Cross-posted at Moonbattery.

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