Remember Obama’s major lie (one of dozens) that he was going to bring in insurance rates that would save American $2,500 a year? Yeah. Big lie. In fact, costs have soared and now it looks like they are going to spike yet again.
Remember how Obama claimed (19 times, at least) that he’d save every American $2,500 a year on their insurance? Well, the average cost has soared to over $5,000 a year, so he failed miserably… or lied from the start, more likely.
Now it looks like the costs are going up again.
Obamacare exchange customers could see a significant spike in their premiums over the next few years as insurers face pressures from both the government and the marketplace, the Congressional Budget Office said Monday in a new analysis finding Obamacare is both cheaper and less comprehensive than predicted.
…The CBO predicted 11 million people will be enrolled in insurance exchanges in 2015, rising to 21 million next year. Both of those are lower than initial projections.
Of those 11 million using the exchanges this year, about 8 million will be getting tax subsidies to help pay for their plans. The average subsidy is $3,960.
By 2020, about 23 million Americans will be using the exchanges and 17 million will be getting government help, at an average tax payment of $5,070.
And if you think this is the only time costs will soar… well, I have a bridge to sell ya.