It’s been a bumpy road for Obamacare from its disastrous roll-out on day one. The “Affordable” Care’s own website was barely functional, and it quickly became clear the rest of the act was just as bad.
The law would save the average family an entire $2,500 a year, Barack Obama told us while campaigning for president during 2008. Not only that, finally we’d have universal healthcare coverage. It should’ve struck anyone with a knowledge of economics as paradoxical from the start. How do you add millions to the insurance rolls and expect costs to decrease? In theory, it was expected that a number of the so-called young “invincibles” would sign up for health insurance. Since the young make up the smallest sliver of healthcare spending, their insurance premiums could be used to offset costs for older, sicker patients. But that didn’t happen, and many young people chose to simply pay the penalty for not having insurance rather than signing up.
The average family health insurance premium has increased over $4,000 under President Obama, a $6,500 difference from what was promised. Not only that, deductibles have skyrocketed. Oh – and to boot, you didn’t really get to keep your plan if you liked it. Oh well.
As Barack Obama is planning his departure from the White House, and Hillary Clinton promises to continue his legacy, let’s have yet another reminder of what that legacy entails. As the Daily Caller reported: The Obama administration said insurance premiums will rise by double-digit percentages in 2017, a statement that will likely bring the debate surrounding Obamacare to the forefront in the final days of the 2016 election.
Premiums will increase at an average of 25 percent across the 39 states serviced by the online marketplace healthcare.gov, according to the Obama administration. Even worse, around 20 percent of consumers, or one in five, will only have one insurer to choose from in the marketplace.
This year’s expected increase is triple the size of 2016, and will have a direct effect on 16 percent of consumers who are not protected by subsidies, the Hill reports. Some 5 to 7 million consumers are either not eligible for subsidy assistance, or they purchase healthcare packages outside of the exchanges, where subsidies are not available.
Costs have spiraled out of control, most who have insurance can’t even use it, and over half of the law’s healthcare exchanges have gone belly-up. It’s a crisis – and if liberals know anything about crisis, it’s to never let them go to waste.
However…in the final days of her campaign, Hillary is going to have to answer for this. After all, she’s still defending it. Will she be held accountable? By rights she should be.
P.S. – Just a bonus media fail: back in 2012, the genius “fact” checkers over at Politifact rated a statement by Florida Governor Rick Scott that health insurance premiums will increase under Obamacare as “Mostly False.”
[Note: This post was authored by Matt Palumbo. Follow him on Twitter @MattPalumbo12]