Blog: Obamacare Premiums Skyrocketing
Back in October 2009 President Obama cast insurance companies as obstacles to change interested only in preserving their own “profits and bonuses” and willing to “bend the truth or break it” to stop his drive to remake the nation’s health care system. The report, issued by America’s Health Insurance Plans, concluded that premiums would rise 18 percent more under provisions of a Senate bill than they would otherwise in the next decade, to an average of nearly $26,000 for families and $9,700 for individuals in 2019. The White House dismissed the study as “deeply flawed” and noted that it did not account for subsidies in the bill to help people who could not afford insurance.
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