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STUDY: ObamaCare Has Increased Health Insurance Premiums

Posted by FactReal on September 28, 2011

Obama repeatedly pledged his health care plan would lower premiums. However, a recent study found that ObamaCare is contributing to the rising health insurance costs for Americans:

Insurance premiums rose by 9% in 2011:
Health insurance costs for a single worker in 2011 went up on average from $5,049 to $5,429. The average premium for a family rose from $13,770 to $15,073.

Some provisions of ObamaCare already in place contributed to 20% of that increase:
The two biggest changes this year allow young adults up to 26 years of age to remain on their parents’ insurance policy and require some insurance plans to cover preventive services.

The worst is yet to come: Most of ObamaCare provisions don’t go into effect until 2014.

Heritage has more details on the study:
This week, the Kaiser Family Foundation and the Health Research and Educational Trust released a major survey on employer-sponsored health benefits in the United States. Among the many important findings in the report, one fact stood out: Americans are paying more and more for their health insurance every year, a concerning trend that is only getting worse under Obamacare. The report explains that:

  • The cost of insurance is increasingly unaffordable to American families. The cost of health insurance in the United States has grown significantly over the last decade. The Kaiser survey shows that the average annual premium for a family in 2011 is 31 percent higher than it was in 2006, and 113 percent higher than in 2001. This year marks the first year that the cost of family coverage will exceed $15,000, reports The Wall Street Journal’s Anna Wilde Matthews.

Small businesses especially struggle to offer health benefits to their employees because of cost. According to Kaiser, 55 percent of small firms surveyed that did not offer coverage cited the high cost of insurance as the primary reason.

Obama in 2010: “Premiums will Decrease 3000% so you should get a Raise when ObamaCare is Passed”
“Your employer, it’s estimated, would see premiums fall by as much as 3,000 percent…which means they could give you a raise.”

Barack Obama – Mar 15, 2010
(Video mark 1:17)

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