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March 2013 Policy Study, Number 13-3

   

Just Say NO – and Keep Saying NO – to Federal Health Care Exchanges and Medicaid Expansion

   

Insurance Premium Cost Under PPACA

   

 

Again, President Obama’s promise that health insurance costs would decrease under PPACA are not holding true. A report by the House of Representatives Energy and Commerce Committee, working with its Senate counterparts, recently provided a table of expected premium cost increases by state. For Iowa the expected increase is from 56 to 100 percent of a family of four’s current individual premium.[28]

 

Those who support Obamacare counter this by referencing the “generous” premium subsidies offered under the exchanges to families earning up to 400 percent of the FPL. However, the money for these subsidies comes from increased taxes, as noted earlier. It is estimated these subsidies will cost cost taxpayers over $1.2 trillion in the first 10 years of the PPACA. The government giveth with one hand, and taketh away with the other.

 

   

 

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