ObamaCare is collapsing. Its utter failures become more obvious by the day.
We all remember the promises of ObamaCare, chief among them that the “Affordable Care Act” would lower health care costs. The opposite has occurred.
In his 2008 campaign for president, then-candidate Sen. Barack Obama repeatedly promised to cut annual health insurance premiums by $2,500. When he took office in 2009, annual family premiums for employer-provided coverage, the most common of private insurance coverage, cost $13,375 according to Kaiser. In 2016, those premiums are $18,142. That’s an increase of $4,767.
ObamaCare exchanges were setup with the intent of providing access to private health insurance to those Americans not currently offered health care coverage through an employer, Medicare, or Medicaid – a group otherwise left without any additional financial support to purchase coverage.