Monday, April 02, 2012

No, ObamaCare Did Not Lower Health Care Costs

The RNC accurately notes that the “change” Obama promised on health care premiums has not yet come come about as his first term draws to a close.

Annual premiums for a family health plan rose 9 percent, or $1,300, last year, topping $15,000 for the first time ever, according to the nonpartisan Kaiser Family Foundation and Health Research and Educational Trust. The annual increase was triple the rise from 2010.

The study also found that up to 2 percent of the higher premiums were because of the Affordable Care Act’s provisions, such as allowing parents to keep young adult children on their policies up to age 26.

The White House and Obama campaign have appealed for patience on the promised savings for families, insisting premium reductions under the new health  care law would be realized by 2019.

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