President Obama promised the American people that ObamaCare would save families $2,500 on their health insurance premiums. If you’ve forgotten that promise, here’s what it sounded like.
So, how’s that working out?
Health insurers are proposing to raise Obamacare rates more than in the past — some by more than 70 percent — now that they are finally equipped with all the information they need to price those plans.
Experts are predicting rates will escalate faster next year than in the two years prior, as insurers take a close look at who is enrolling in Obamacare plans to get a good sense of the overall picture.
Clare Krusing, a spokeswoman for American’s Health Insurance Plans, said there are many reasons for the increases — including taxes and fees and the fact that more insurers are phasing out plans that do not comply with Obamacare’s rules.
Oh well, at least you get to keep your doctor.