Despite ObamaCare, Costs Continue To Soar

09/27/2011
Investors.com

 Until now, many of the fears about ObamaCare have been theoretical. But this year's 9% spike in premiums is concrete evidence of the substantial harm it's already doing to our health care system.

As soon as the Kaiser Family Foundation's annual report on insurance premiums was released, ObamaCare defenders dismissed its most troubling finding: Insurance premiums for family coverage shot up an average $1,482 this year.

Nothing to worry about, they said, it's just a response to higher health costs and bad forecasts. But wait a minute! Didn't Obama promise his signature health reform plan would lower insurance premiums? As a matter of fact he did, saying just before he signed it into law that ObamaCare would "bring down the cost of health care for families, for businesses and for the federal government."

Not only did that not happen, ObamaCare has reversed a years-long trend toward smaller annual premium increases (see chart), suggesting insurers finally started to figure out how to get costs down. the rest