Remember Obama promising to reduce premiums $2,500 per family? Ha! ObamaCare will jack up premiums 4
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You’ve been hearing a lot about the most famous of Obama’s broken promises. No, you can’t keep your health care plan if you like it. But that’s far from the only promise he made repeatedly. He also promised to lower people’s premiums by $2,500 per family per year. In case you don’t believe me - courtesy of the excellent Avik Roy - here he is making that promise 19 times:
So that’s what he promised. The envelope?
Oops! Roy also exposes how big a lie that is turning out to be:
One of the fundamental flaws of the Affordable Care Act is that, despite its name, it makes health insurance more expensive. Today, the Manhattan Institute released the most comprehensive analysis yet conducted of premiums under Obamacare for people who shop for coverage on their own. Here’s what we learned. In the average state, Obamacare will increase underlying premiums by 41 percent. As we have long expected, the steepest hikes will be imposed on the healthy, the young, and the male. And Obamacare’s taxpayer-funded subsidies will primarily benefit those nearing retirement—people who, unlike the young, have had their whole lives to save for their health-care needs.
Roy goes on to refute the typical response from ObamaCare apologists - that hey, it doesn’t matter if your premiums go up because you can get subsidies. Of course, those subsidies aren’t free. They’re going to be funded by taxpayers, and those who pay the most taxes are also the ones who don’t qualify for subsidies because their incomes are too high, so they get a double-whammy.
But more to the point, Obama did not promise skyrocketing premiums paid for by subsidies. He promised lower premiums, to the tune of $2,500 per family per year. Once again, Obama lied.
Or is this just another case of the rest of us being too stupid to understand what he really meant?