Remember this classic moment in lying history?
Millions of Americans face higher premiums, bigger deductibles
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Obamacare was supposed to reduce health expenses for Americans, but that’s not how it’s working out.
Although many have benefited from government subsidies or the ability to buy insurance, health-care costs continue to rise and eat up a bigger percentage of household budgets.
In a recent though little-noticed study, economist Ann C. Foster at the Bureau of Labor Statistics found that health costs made up a record 8% of an average household’s budget in 2014, the last year for which data is available.
That’s a 40% jump compared to 10 years ago, and a 21% increase since the Patient Protection and Affordable Care Act took effect.
