Congressional Report: Obamacare could raise premiums more than 200%

image

If you’re a regular reader of this blog, you know what a cataclysmic disaster Obamacare will be. And of all the problems associated with it, perhaps the worst will be the increase—not decrease—in the cost of health care and health insurance. With over 20,000 pages of regulations (so far), how could premiums not rise?

From Newsmax:

An exhaustive study by three congressional committees delivers startling news about the dire effects of Obamacare: President Barack Obama’s signature legislation could increase health insurance premiums by over 200 percent and render insurance coverage unaffordable for millions of Americans.

Broadly, the new report declares that Obamacare “breaks its core promise” to make healthcare coverage affordable.

The report, “The Price of Obamacare’s Broken Promises,” was prepared by the House Committee on Energy and Commerce, Majority Staff; Senate Committee on Finance, Minority Staff; and Senate Committee on Health, Education, Labor and Pensions, Minority Staff.

Read the Rest

Here’s a copy of the report: “The Price of Obamacare’s Broken Promises” (PDF)

Here’s a chart from the report that lists the estimated increase in insurance premiums by state:

image

Repeat this to yourself: Obamacare raises the cost of health care, not lowers it.

Recent Comments