Never Forget the Other Obamacare Lie; Rates Jacked Up

One Obamacare lie was about keeping your doctor and your plan, but another lie was about rates going down rather than up.

I think the line, “If you like your doctor you can keep your doctor,” and “If you like your insurance plan you can keep your plan” are burned into our memories as our President lying to us to get us to go along with his horrible plan. But we mustn’t forget another oft-repeated promise: Obamacare was going to lower rates for the average family about $2,500 a year. No really. Mark Horne has mentioned this in passing before (like here), but consider this video to get an idea of how heavily this story was pushed:

Thanks go to John Merline writing in Investor’s Business Daily for pointing out this video in his article, “Health Premiums Have Climbed $4,865 Since Obama Promised to Cut Them $2,500.”

Employer-based health insurance premiums climbed 4.2% this year for family plans, according to an annual Kaiser Family Foundation report. That’s up from 3% the year before.

Since 2008, average family premiums have climbed a total of $4,865.

The White House cheered the news, saying it was a sign of continued slow growth in premium costs.

It is true that, from 1999 to 2005, the trend was for premiums to increase in price about ten percent. But that trend ended long before Obamacare was implemented.

Slightly less higher premiums aren’t what President Obama promised Americans when he ran for office touting his medical overhaul. He specifically said his plan would cut premiums.

“We will start,” Obama said back in 2008, “by reducing premiums by as much as $2,500 per family.”

That $2,500 figure was Obama’s mantra on health care. You can watch the video if you don’t believe it.

And Obama wasn’t talking about government subsidized insurance or expanding Medicaid or anything like that. He specifically focused on employer provided health care.

For “people who already have insurance, and the employers who are providing it,” he said at one campaign event, “we will work to lower your premiums by up to $2,500 per family.”

So was he talking about lowering the rate of increase? It sure didn’t seem that way. On CNN he said, “We’re going to reduce costs an average of $2,500.”

Never happened. Instead of reductions we got more rising prices. These massive premium hikes also require far more out-of-pocket payments than did the previous rates.

Barack Obama has given us far worse medical insurance and is bragging about it as an Administration success.