Obama Promised Healthcare Premiums Would Fall $2,500 Per Family; They Have Climbed $4,865

September 25, 2015 in News by RBN

Zero Hedge | Tyler Durden

How’s that Obamacare working out for you? That’s what I thought.

Considering that pretty much every single thing Obama promised when he was running for President turned out to be an outright lie, we shouldn’t be surprised this is also the case when it comes to his so-called “signature achievement.” Before getting into the meat of this post, let’s take a trip down memory lane and watch a video clip of Obama on the 2008 campaign trail.

As you can see, he didn’t just say it once or twice. He said it over, and over and over again. Now here’s what actually happened.

From Investors Business Daily:

“Employer-based health insurance premiums climbed 4.2% this year for family plans, according to an annual Kaiser Family Foundation report. That’s up from 3% the year before.

Since 2008, average family premiums have climbed a total of $4,865.

The White House cheered the news, saying it was a sign of continued slow growth in premium costs.

“We will start,” Obama said back in 2008, “by reducing premiums by as much as $2,500 per family.”

And Obama wasn’t talking about government subsidized insurance or expanding Medicaid or anything like that. He specifically focused on employer provided health care.

For “people who already have insurance, and the employers who are providing it,” he said at one campaign event, “we will work to lower your premiums by up to $2,500 per family.”

“…We screwed some folks”