The other shoe has finally dropped in the Obama administration’s magical thinking about the cost of health insurance premiums under the Affordable Care Act. From The Daily Caller:
Massachusetts Institute of Technology economist Jonathan Gruber, who also devised former Massachusetts Gov. Mitt Romney’s statewide health care reforms, is backtracking on an analysis he provided the White House in support of the 2010 Affordable Care Act, informing officials in three states that the price of insurance premiums will dramatically increase under the reforms.
The revelation, as DC writer Myles Miller notes, is in direct contradiction to the president’s claim that premiums under his health reform law would be “lower than they would be otherwise; health care costs overall are going to be lower than they would be otherwise.” The new report also flies in the face of Gruber’s own 2009 projections that the law would “significantly reduce, not increase, non-group premiums.”
Echoing conservative reservations about the effects of the law on the marketplace, Gruber now acknowledges that “even after tax credits some individuals are ‘losers,’ in that they pay more than before [Obama's] reform.”
The chilling effect of ObamaCare on jobs has also been well-documented. A U.S. Chamber of Commerce Small Business Outlook Survey conducted in July of 2011 noted that 33% of business owners identified the health care law as either the greatest or second-greatest obstacle to new hiring that employers faced.
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