April 14, 2014

Premiums Skyrocket

Didn’t Obama promise premium savings?

Barack Obama promised that ObamaCare would significantly decrease premium costs. Clearly, that was a BIG lie. The Heritage Foundation has compiled a handy chart depicting ObamaCare’s financial impact on health premiums for individuals coming off their parents’ plan. They find, “Buying individual health insurance in the exchanges is generally more expansive than it was before Obamacare, especially for young adults. In 11 states, 27-year-olds will see premiums double or more.” And it’s not just millennials feeling ObamaCare’s negative effects. Thanks to $716 billion in Medicare cuts, seniors are getting less options. Heritage continues, “instead of cutting waste, fraud, and abuse in the Medicare program, Obamacare targets the amounts Medicare service providers are paid. These cuts have ripple effects on seniors. Doctors, nursing homes, and other providers who can’t afford to be part of Medicare any more will cut back or stop participation – and that means fewer options and less access to care for seniors.” See Mark Alexander’s Derailing ObamaCare and DemoDebt for the conservative strategy.

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