WASHINGTON, D.C. – The White House reported today that Obamacare is a “disaster” and health insurance premiums have increased an average of 105% since 2013.
Since Obamacare was implemented, premiums for individual health care policies have increased on average by 105 percent since 2013, according to an Health and Human Services (HHS) report released last night. The average American on the individual market is paying nearly $3,000 more in premiums this year than in 2013.
This HHS report, the White House says, “shows the dramatic increase in costs for many Americans under Obamacare, is the study that the Obama Administration never wanted you to see. President Trump is committed to repealing and replacing the disaster known as Obamacare and delivering results for the American people.”
Comparing the average premiums found in 2013 MLR data and 2017 CMS MIDAS data shows average exchange premiums were 105% higher in the 39 states using Healthcare.gov in 2017 than average individual market premiums in 2013, the HHS report claims. Average monthly premiums increased from $232 in 2013 to $476 in 2017, and 62% of those states had 2017 exchange premiums at least double the 2013 average.
Individual Market Premiums, 2013 vs 2017, increased from $251 to $526, an increase of $275 per month, or 110%.
Republicans have been trying to repeal and/or replace the Affordable Health Care Act (known as Obamacare) for years, and failed most recently earlier this year. However, Republicans then introduced the American Health Care Act, which passed the House but faces hurdles in the Senate.