08162017Headline:

Debunking the Republican lie that health insurance costs have skyrocketed under Obama

There’s more hilarious irony here given Brenner’s use of the phrase “mathematically challenged”. First of all, according to the Kaiser Family Foundation, The average cost of health care premiums in 2008 was $ 12,680, not $ 12,298. And in 2012, it was $ 15,745, not $ 15,545. That’s a difference of $ 2,865. Even if you use her incorrect numbers, she didn’t even do the basic subtraction correctly! $ 15,545-$ 12,298 = $ 3,247, not $ 3,500.

But, okay. We’ll grant her the basic math errors. Costs HAVE gone up under President Obama. However, they have gone up less during his time in office than they did during President Bush’s reign of error. Here’s the data for annual family premiums from the Kaiser Family Foundation report (pdf):

So, yeah, while health insurance costs have continued to rise, they haven’t increased any faster than they had been before President Obama took office. In fact, once you start digging into the numbers — and if you can actually add and subtract and divide with any sort of skill at all — you begin to see that, despite the fact that the Affordable Care Act is just getting started, the rate of health insurance cost increases has actually dropped since 2009 when Barack Obama was sworn in as president.

During President Bush’s eight years in office, annual premiums for a family increased from $ 7,061 to $ 13,375, an increase of $ 6,314 or, on average $ 789.25 per year. Adjusted for inflation, costs went from $ 9,313.50 to $ 14,653.21 or $ 667.46 per year.

When President Obama took office in 2009, annual premiums for a family were $ 13,375 and four years later have risen to $ 16,351 for an average of $ 744 per year. Adjusting for inflation, costs started at $ 14,653.21 for an average increase of only $ 424.45 per year.

No matter how you look at it, the rate of health care cost increases has reversed under President Obama.

It’s worth noting a couple of other things, as well. First of all, the Affordable Care Act wasn’t even passed until 2010, a quarter of the way through his first term. Also, many of the cost-saving elements of the Affordable Care Act, including the health care exchanges, haven’t even started yet! The state health care exchanges that have already released costs are showing considerably lower premiums than were anticipated. In New York, for example, they will

What Next?

Related Articles