Archive for February 18th, 2020

Remember how healthcare costs were going to drop by $2,500 for every family?

February 18, 2020

The Dem presidential candidates are making a big deal out of “fixing the healthcare system” … and “cutting healthcare costs”.

That’s noble, but raises a question that’s been bugging me …

Wasn’t Obamacare supposed to do that?

Specifically, Obama — who never lied according to the MSM — told us that every family’s healthcare costs would go down by $2,500.

So what happened?

In 2016 (Obama’s last year in office), employees paid $11,000 out-of-pocket for healthcare … up $2,500 since 2012.

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Milliman – a well-regarded actuarial consulting” firm – has published an annual recap of healthcare spending since 2001.

The Milliman Medical Index tracks the total costs of providing health care to an average family of four covered by an employer-sponsored “preferred provider plan” … that’s about 155 million employees and their dependents.

The total includes the health insurance premiums paid by both the employer and the employee, as well as the actual expenditures for health care paid by the insurance plan and out of pocket by the insured family.

The big news: In 2016, the average healthcare costs for a family of 4 surpassed $25,000 for the first time … the $25,826 is triple the cost to provide health care for the same family in 2001 … and up about $5,000 since 2012.

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The bad(est) news is the increased proportion of the healthcare costs being shouldered by individual employees …

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