Valerie Jarrett: We’ve had less increase in premiums than ever in last 50 years
posted at 10:11 pm on March 24, 2014 by Mary Katharine Ham
During Obama’s term, between 2009 to 2012, premiums have climbed $2,370 for the average family with an employer-provided plan – a rate faster than the during the previous four years under President George W. Bush, according to Kaiser.
Investor’s Business Daily’s John Merline was first to note the difference in premiums climbing faster under Obama than the previous four years under Bush.
Health insurance companies across the country are seeking and winning double-digit increases in premiums for some customers, even though one of the biggest objectives of the Obama administration’s health care law was to stem the rapid rise in insurance costs for consumers.
“I will sign a universal health care bill into law by the end of my first term as president that will cover every American and cut the cost of a typical family’s premium by up to $2,500 a year.”