releases: http://feedproxy.google.com/~r/RepDevinNunes/~3/MqKLuVKOysU/the-obamacare-death-spiral-continues.html
Data license: MIT · Data source: dwillis/congress-press
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| http://feedproxy.google.com/~r/RepDevinNunes/~3/MqKLuVKOysU/the-obamacare-death-spiral-continues.html | The Obamacare Death Spiral Continues | 2016-11-04 | 2016 | 2016-11 | Republican | House | CA | Devin Nunes | N000181 | feedproxy.google.com | legacy | The Obama administration recently revealed that premiums for Obamacare's benchmark silver plan will jump an average of 22 percent in 2017. This meanspremiums have now skyrocketed 116 percentin the last three years.Obamacare defenders argue that the price hikes are not as bad asthey seem, since manyenrollees will get more subsidies. Of course, these defendersdidn't mention escalating costs at all when they were selling the Obamacare idea to the American peopleto the contrary, Obama repeatedly promised that his plan would lower the typical family's premiums by $2,500 per year. Since that has proven false, we're now told that everything's fine because of magical subsidies that, in fact, are paid for by American taxpayers. Of course, rising prices are not the only problem with Obamacareinsurers are fleeing the exchanges in droves, leaving consumers with dwindling options. As CNN reports, "The number of carriers will drop to 228 next year in the federal exchange and selected states, down from 298 in 2016." It also relates that21 percentof customersreturning to the exchanges will only have one available carrier next year, and thatfive stateswill only have one insurer providing plans on the federal exchange. Think about what an honest explanation ofObamacarewould have sounded like before its enactment: "We will create a healthcare system thatfeatures spiraling premiums,steadily decreasing choices, and a giant bill for taxpayers.Oh, and by the way, if youlike your doctor, you can't necessarily keep your doctor." I'm guessing that would not have been an effective sales pitch. As Obamacare continues its death spiral, House Republicans are proposing far-reaching healthcare reforms that wouldlower costs, increase competition, expand choice, guarantee coverage, and accelerate medical breakthroughsyou can read aboutour planhere. | 1 | 2026-03-30T12:14:52Z | 2026-03-30T12:14:52Z |