Health Insurance Companies And ObamaCare Cost Increases

cq5dam.web.1280.1280-1One of the promised benefits of ObamaCare was that it would “bend the healthcare cost curve down.” Few of us believed that would be the case. It’s proving to be another ObamaLie. From 2009 to 2013 the U.S. did see a reduction in the growth of healthcare spending — not a reduction in spending, some relatively good news nonetheless. But Obama and Obamacrats who gave us ObamaCare shouldn’t take a victory lap. Much of that slowdown in spending growth was caused by the recession and its long tail. And anyway, these trends predate the passage of ObamaCare.

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