There are many times where being able to look back and say, “I told you so” is cold comfort. Such is the case with the predictions those of us clear-thinking minds made when it came to President Obama’s signature legislation formerly known as the Affordable Care Act.
As we learned days ago, Obamacare premiums are set to increase an average of 25% across the 39 states serviced by the online marketplace healthcare.gov in 2017. Obama’s campaign promise that Obamacare would save the average household $2,500 in healthcare premiums clearly turned out to be false, as the average family premium has soared from $12,680 in 2008 to $17,500 in 2016. That’s a $7,320 difference in cost than was promised, and that’s before the 25% increase hits next year.
Of course, there was good reason to believe Obamacare would be a failure from day one. Those putting it into law couldn’t even launch a website properly, despite having nearly a billion dollars with which to do so. Since then, 16 of the 23 non-profit, state-chartered Obamacare co-ops through which insurance is sold have gone bankrupt, too. It’s no surprise that a law so poorly designed and administered would fail miserably in containing healthcare costs (and deductibles too — which have skyrocketed).
Of course, not everyone saw this coming….