The promise: health insurance costs will go down
“Under [our] plan, if you like your current health insurance, nothing changes, except your costs will go down by as much as $2,500 per year,” said Obama in 2008.
The result: health insurance costs will triple.
[T]he Office of the Actuary in the Centers for Medicare and Medicaid Services … finds that growth in the net cost of health insurance will increase by nearly 14 percent, compared to 3.5% if PPACA had never passed. The growth rate of private insurance premiums will rise to 9.4 percent, from 5.0 percent under prior law: an 88% increase.