President Obama is divorced from reality. Monday June 8 he was boasting about the success of his ObamaCare.
Costs: He claims:
● “Health care inflation overall has continued to be at some of the lowest levels in 50 years.”
Popularity: He claims:
● “The overwhelming majority of people are satisfied” with the new law.
But he is not telling the truth. Costs are up and it is unpopular in polls.
Costs: the data:
Oh really. The costs to Americans for health insurance in the new ObamaCare era are soaring across the country. The latest numbers for premium increases show the following dismal news for families. In California, approved rate increases going into effect this year are running up an average of about 10%, or five times the rate of inflation (which actually turned negative in the most recent 12 months - BLS). In Florida, 33 of 36 approved rate hikes were greater than 10%.
Next year might be even worse. In Ohio, the average rate increase request for 2016 is 17.8% as of June 9, 2015. In Virginia, the AETNA Life Insurance Company small group plan proposed an increase of 59.71%. In Texas, more than half of the rate hike request are greater than 20%. In Illinois, the popular Blue Cross Blue Shield Preferred Individual plan wants a 38% rate hike. Numerous other plans costs will rise by 50%.
Popularity: the data:
Real Clear Politics has reviewed the major polling results on ObamaCare over the last two months. It finds that the average result is that 43% of Americans support the law and 53% oppose it.
A May Gallup poll found more than twice as many respondents (24%) say the law has hurt their families than say it has helped them (10%). Most say it has made no difference. This sounds a lot more like dissatisfaction with the new law.
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