Inside Track
ObamaCare: Rising Deductibles, Even More Than Premiums, Plague America
Prior to the passage of ObamaCare, President Barack Obama repeatedly promised that his healthcare overhaul would reduce health-insurance premiums by as much as $2,500 per family. But according to a recent report, not only have premiums continued to rise under the Affordable Care Act (ACA), but deductibles have grown dramatically, often to the point that having insurance isn’t a guarantee of affordable care.
The Kaiser Family Foundation (KFF)/Health Research and Educational Trust (HRET) 2015 Employer Health Benefits Survey, released September 22, reveals that family premiums for employer-based health plans rose 4.2 percent this year, up from three percent in 2014. This relatively small increase is part of a trend that began in 2005, well before Obama took office, so at best ObamaCare can be said not to have caused premiums to rise at a much faster rate than they were rising beforehand.
The president, however, did not promise slower growth in premiums; he promised to reduce them. Moreover, noted Investor’s Business Daily,
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