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Obama Administration Confirms Obamacare Premiums Will Surge By 25% In 2017

Monday, October 24, 2016 21:50
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zerohedge.com / by Tyler Durden / Oct 24, 2016 7:55 PM

Remember when Obama toured around the country telling everyone that Obamacare was going to increase competition and lower healthcare premiums?  If not, here is an example to help jog your memory (comments taken from Obama remarks delivered at Prince George’s Community College on 9/26/13):

Now, this is real simple.  It’s a website where you can compare and purchase affordable health insurance plans, side-by-side, the same way you shop for a plane ticket on Kayak — (laughter) — same way you shop for a TV on Amazon.  You just go on and you start looking, and here are all the options.

It’s buying insurance on the private market, but because now you’re part of a big group plan — everybody in Maryland is all logging in and taking a look at the prices — you’ve got new choices.  Now you’ve got new competition, because insurers want your business.  And that means you will have cheaper prices.  (Applause.)

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The post Obama Administration Confirms Obamacare Premiums Will Surge By 25% In 2017 appeared first on Silver For The People.

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