Barack Obama came back to the White House on Tuesday to celebrate the anniversary of the passage of Obamacare. But that law was based on what we now know to have been the oft-repeated whopper of a lie. Remember this one? The Affordable Care Act was going to save the average consumer $2,500 a year.
The House Republicans on the Ways and Means Committee just ran the numbers. It would be more accurate to say Obamacare has COST consumers close to $2,500 more a year for health insurance. Here is what the Committee found:
- The average price paid for health insurance (“premiums”) jumped by 143 percent between 2013 and 2019.
- At the same time premiums more than doubled in the individual market, deductibles for ACA-compliant coverage also increased by an average of 35% — over $1,700 for individuals and $3,600 for families.
- Over 10 years, spending on health care per person increased by 29%.
No wonder people don’t want it. From 2015 to 2020, exchange enrollment in Obamacare averaged only about 10 million people — way below the 25 million enrollees the feds predicted.
FACT CHECK: Health Care Prices Soared Under Democrats’ Broken Health Care Law
Other than that, Obamacare has been a big success.