Thanks to Obamacare, Health Coverage Costs Same as a Car

Monday, 03 Oct 2011 11:44 AM

By Andrea Tantaros

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Someone call the doctor. The side effects of President Obama's Affordable Care Act are becoming apparent, and so is the irony. This week, nonprofit research group The Kaiser Family Foundation found that, despite the title, "affordable" healthcare premiums have risen steeply under the law — with the annual premium for family coverage through an employer reaching $15,073 in 2011, an increase of 9 percent over the previous year. Or as Politico put it: Premiums are now costing families as much as a new car.

This wasn't supposed to happen. Remember, the real reason for ramming the bill through Congress was to bring costs down. In fact, the White House is still claiming the law will lower premiums.

From their website: "The Affordable Care Act will bring down costs, improve the quality of health care delivered to all Americans and expand coverage to 32 million Americans." It continues, "Independent experts have found that the new law helps reduce costs for families and businesses, cuts the deficit and strengthens Medicare, adding years to the trust fund while maintaining seniors guaranteed benefits."

To read more, Go Here Now.


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