Remember when President Obama told the American people that Obamacare would save them $2500 per year on health insurance premiums? In an article Sunday in the Los Angeles Times, that quote will be one haunting Democrats straight through to the midterm elections. Vulnerable Democrats will be answering reporter’s questions like, “Where did the promised $2,500 savings in health insurance premiums go?”
Over and over during his 2008 presidential campaign, Barack Obama said his health plan would reduce the typical family's annual premiums by up to $2,500 per year. But now in 2014, a month past the signup deadline for coverage, that statement is far from the truth.
Lower-than-projected numbers were rampant before the Affordable Care Act became law in 2010. Websites such as WebMD note that costs are reduced for some people, but that's due to the younger and healthier now paying higher premiums.
Forbes Magazine reports the reality of the law is astronomical premium costs. Those increases can be directly blamed on implementation of the Affordable Care Act. Consumers are paying higher deductibles under Obamacare plans.
The law still has over 60 percent of Americans opposed to it. The “Where’s my $2500?” question may become an albatross around the necks of susceptible Democrats in tough re-election bids.
Candidates cannot count on any support from Obama on this. It is his signature legislation and it would be folly for him to criticize it in any way. At least that is the thinking of the man who bet his presidency on its success.
The problem for any Democratic incumbents who voted for Obamacare was they didn’t think their president would be as unpopular as he has become. You can hear their Republican opposition already saying, “Are you better off than you were four years ago?”
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