Health Premiums Have Climbed $4,865 Since Obama Promised to Cut Them $2,500

[Chef Ramsay]

Employer-based health insurance premiums climbed 4.2% this year for family plans, according to an annual Kaiser Family Foundation report. That's up from 3% the year before.

Since 2008, average family premiums have climbed a total of $4,865.
The White House cheered the news, saying it was a sign of continued slow growth in premium costs.

That much is true. Since 2006, the average annual increase for family plans at work has been 4.9%, down from around 10% a year from 1999-2005.

Slightly less higher premiums aren't what President Obama promised Americans when he ran for office touting his medical overhaul. He specifically said his plan would cut premiums.

"We will start," Obama said back in 2008, "by reducing premiums by as much as $2,500 per family."


Read More At Investor's Business Daily: http://news.investors.com/blogs-capital-hill/092315-772384-premiums-have-steadily-climbed-despite-obama-promise-to-cut-them.htm#ixzz3mmPH7pnQ

[ThePrinceofTea]

some one didn't invest in the health care etf... it's just a corn2fuel 2.0. old trick, same book.

[bryant.coleman]

I am not surprised. Healthcare in the United States is extremely expensive. Some of the reasons are:

1. Salary of doctors and nurses are very high.
2. Some 1.2 million HIV infected individuals reside in the United States. The insurance companies can't overcharge them on their premiums. So they distribute the burden uniformly.
3. Drugs are very expensive in the US, as the patents are strictly enforced.
4. Obesity rate is quite high in the US, when compared to the EU.