Obamacare: Nothing to Brag About

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.