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Health Premiums Up $3000; Obama Vowed $2500 Cut, Investors Business Daily

Thursday, September 27, 2012

During his first run for president, Barack Obama made one very specific promise to voters: He would cut health insurance premiums for families by $2,500, and do so in his first term.

But it turns out that family premiums have increased by more than $3,000 since Obama's vow, according to the latest annual Kaiser Family Foundation employee health benefits survey.

What's more, premiums climbed faster in Obama's four years than they did in the previous four under President Bush, the survey data show.

Meanwhile, the health reform law Obama signed in March 2010 has pushed up insurance costs.
In 2011, premiums spiked 9.5%, and many in the industry blame ObamaCare for at least part of it. Premiums climbed another 4.5% in 2012, Kaiser found.

And ObamaCare will continue to fuel health premium inflation.


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