Obamacare: A Financial Travesty

And a bald-faced lie perpetrated by the Democrats on the American people. (With the help of a lot of Republicans, like John McCain.) ObamaCare: 10 years of distress and disappointment.

First, then-candidate Barack Obama said his namesake act would “cut the cost of a typical family’s premiums by up to $2,500 a year.”

In reality, the opposite has occurred. According to the Department of Health and Human Services (HHS), “premiums have doubled for individual health insurance plans since 2013, the year before many of Obamacare’s regulations and mandates took effect.”

Even more shocking, HHS reports, “Average individual market premiums more than doubled from $2,784 per year in 2013 to $5,712 on Healthcare.gov in 2017—an increase of $2,928 or 105%.” Needless to say, ObamaCare has fallen woefully short in its grand ambition to slice health insurance premiums by $2,500 per year.

Now the same people who were so wrong about the impact of Obamacare want to tell us they know exactly how even more control of health care by government will turn out. (Hat tip to The Daley Gator.)

2 thoughts on “Obamacare: A Financial Travesty

  1. Obamacare was designed to fail. The first clue was its date of effectiveness. Almost all laws are written to go into effect a short time after passage, e.g., 30 to 90 days after passage, January 1 of the following year, or, at most, one year after passage. Obamacare was passed and signed in March 2010 and didn’t go into effect until after the 2012 election. This was designed to give the public four years to see what a s—show it was without jeopardizing Obama’s reelection, and when either Hillary or Biden was elected in 2016, it would be easier to con the voters into what the Democrats always wanted, single-payer socialized medicine. Trump upset the applecart, but when the Democrats in the early debates last fall were asked who was for “Medicare for all”, i.e., socialized medicine. every one raised their hand. QED.

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