What’s more, premiums climbed faster in Obama’s four years than they did in the previous four under President Bush, the survey data show.
There’s no question about what Obama was promising the country, since he repeated it constantly during his 2008 campaign.
The amount families are now paying in premiums is over $5000 more than Obama promised. The graph from IBD tells the story:
The bad news doesn’t end there, though, as Pollak notes:
Obamacare also does nothing to change the underlying incentives driving the rising costs of health care, and in fact makes them worse by adding mandates and reducing patients’ choices.
Over the next four years, if Obama is re-elected and Obamacare is not repealed, the federal government will have to apply cost controls, resulting in the rationing of health care by bureaucrats and/or hospitals.
That is why the Obama administration placed such a heavy emphasis on the Independent Payments Advisory Board–and why vice presidential candidate Rep. Paul Ryan (R-WI) has spent so much time attacking it.
Share on Facebook 1 1 SHARES Donald Trump is just the most disgusting and despicable person to ever get even reasonably close to the White House, and it isn’t even close. The spectacle of his asinine press conference, at which he acted like a petulant three year old child who called the media names for daring to attempt to verify boasts about his alleged charity | Read More »