Thursday, September 24, 2015

ACA/Obamacare: Big Foot, The Loch Ness Monster and Other Sightings of That $2,500 Obama Promised Heath Insurance Annual Premium Savings.

‘Employer-based health insurance premiums climbed 4.2% this year for family plans, according to an annual Kaiser Family Foundation report. That's up from 3% the year before.

Since 2008, average family premiums have climbed a total of $4,865.

The White House cheered the news, saying it was a sign of continued slow growth in premium costs.

That much is true. Since 2006, the average annual increase for family plans at work has been 4.9%, down from around 10% a year from 1999-2005.

Slightly less higher premiums aren't what President Obama promised Americans when he ran for office touting his medical overhaul. He specifically said his plan would cut premiums.

"We will start," Obama said back in 2008, "by reducing premiums by as much as $2,500 per family."

That $2,500 figure was Obama's mantra on health care. You can watch the video if you don't believe it.

And Obama wasn't talking about government subsidized insurance or expanding Medicaid or anything like that. He specifically focused on employer provided health care.

For "people who already have insurance, and the employers who are providing it," he said at one campaign event, "we will work to lower your premiums by up to $2,500 per family."‘ - Health Premiums Have Climbed $4,865 Since Obama Promised to Cut Them $2,500, IBD, 09/23/2015

Link to the entire article appears below:

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