Cato notes that in his State of the Union show, Obama barely mentioned Obamacare. Perhaps that is because even Obama realizes that it is an unpopular failure.
Higher insurance premiums:
- Health insurers are seeking and winning double-digit premium hikes – 20% and more.
- Young people are especially likely to face higher premiums – an average of 160%.
- 20- to 29-year-olds on the individual market not eligible for subsidies will see their premiums increase 42 percent.
- The IRS recently estimated that in 2016, for a family of five, a policy available through the exchange would cost roughly $20,000.
30 million Americans will still be uninsured.
7 million Americans can expect to lose their current insurance.
26 states have refused to set up exchanges.