A study by a Democratic research group has found “health insurance costs will rise up to 25 percent for individuals who buy coverage on their own in 2014 under” President Obama’s health care law. ObamaCare sure is “bending the cost curve” – just in the wrong direction. According to POLITICO Pro:
The study found that average premiums will rise between 5 percent and 25 percent in the individual market and between 6 percent and 12 percent in the small-group market.”
The nation’s largest insurers told Congress the same thing: health care premiums are going up under ObamaCare – way up. In its rate shock report, the Energy & Commerce Committee says the data from insurers shows “massive premium increases” await Americans, “definitively contradicting the promise that the law will lower costs.”
It’s for this and several other reasons that repealing the president’s health care law – and working to truly lower health care costs and enact patient-centered reforms – is part of the Republican Plan for Economic Growth & Jobs. Learn more at gop.gov/jobs.