ObamaCare Has Failed to Reduce Premiums Since Its Inception

Most of the fearmongering around ObamaCare’s looming repeal has centered around the number of Americans that will lose health insurance in absence of the law. We’re told that 23 million will lose insurance – but those citing the statistic never seem to mention that six million of those will voluntarily stop purchasing health insurance because there’s no longer an individual mandate to fine them with.

Additionally, many of those insured through ObamaCare have insurance in name only. With deductibles on the lowest-priced ObamaCare plans averaging $6,000 this year, they really are nothing more than glorified catastrophic insurance plans.

Most important of all, however, is the problem of cost. American healthcare doesn’t have a quality problem, it has a cost problem, one which former President Barack Obama promised to fix since he was candidate Obama. In fact, he promised that the average family will save $2,500 a year on healthcare premiums – a hefty sum of money for the average household, and a hefty sum that none of them actually saw in their pockets.

In fact, let’s take a look at how premiums fared for the average family…

So in other words, there wasn’t a single state that showed a decline in premiums. In fact, the state that showed the smallest percent increase (New Jersey – 12%), only saw such a small increase in terms of percentages because their health care costs were already among the highest in the nation at $428 per month.

A 2014 poll from CNN of all places found that twice as many Americans report being harmed by ObamaCare than being helped by it, and when a law causes twice as much objective harm for few perceived benefits, what’s the point of keeping it?

Share this story if you think it’s time to repeal ObamaCare!

By Matt

Matt is the co-founder of Unbiased America and a freelance writer specializing in economics and politics. He’s been published... More about Matt

Mentioned in this article: