Washington Examiner
When President Barack Obama and Speaker Nancy Pelosi bent legislative rules to pass Obamacare 13 years ago, critics rightly scoffed at their claims that it would expand access to health insurance and control costs.Healthcare inflation has continued to raise prices in the rest of the economy, as was always obviously going to be the case despite Democratic falsehoods, and the massive costs to taxpayers also keep growing.
Insurers typically pick up 25%-38% of those costs, which means even families with generous employers are paying 62%, or about $15,000 a year, out of pocket. For single coverage, the average premium rose to $8,435, also 7% up from 2022 and nearly three times as much as in 2013. If individual premiums had risen at the same rate as overall inflation, those costs would only be about half as high.
Higher subsidies chasing rationed services is a recipe for what always happens when expanded demand chases limited supply: price hikes.
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