“We will start by reducing premiums by as much as $2,500 per family.”
- Senator Barack Obama 10/4/08
Both CBO and CMS: Higher Premiums Under ObamaCare
Despite President Obama’s pledge to reduce health insurance premiums “by as much as $2500,” both the nonpartisan Congressional Budget Office and Centers for Medicare & Medicaid Services have confirmed that insurance premiums will increase under ObamaCare, and consumers will send more of their money to insurance companies.
Centers for Medicare & Medicaid Services: “Higher Premiums”
President Obama’s chief actuary said the tax increases on medical devices, drug companies, and insurance companies will be paid by consumers:
“We anticipate that these fees and the excise tax would generally be passed through to health consumers in the form of higher drug and device prices and higher insurance premiums…” Page 17
Congressional Budget Office: $2,100 More A Year
CBO concluded that the self-employed, small business workers, early retirees, and millions of other Americans who buy their own health insurance plans will pay on average $2,100 a year more for their health insurance forcing Americans to send more of their money to health insurance companies.
For previous Flatlines, see http://www.gop.gov/obamacare.