Survey Shows Obamacare Partially Increased Costs
September 30, 2011 by Special To Personal Liberty
The landmark achievement of the President Barack Obama Administration came under attack as the Affordable Care Act was found to partially increase healthcare costs, Fox News reported.
A Kaiser Family Foundation survey shed light on the fact that the rising healthcare costs for employers may be one of the reasons that few jobs are hiring. Insurance premiums rose by 9 percent in 2011, according to the data, and workers and families had to pay more for services.
The Wall Street Journal reported that the 8 percent increase for single workers and the 3 percent rise for families came during a period of severe economic uncertainty. The costs may have increased further if the majority of Americans weren't grandfathered in to their old plans, according to the Kaiser survey's researchers.
An increase in healthcare premiums is another drawback to the Obama plan, according to Karen Ignagni, chief executive of America's Health Insurance Plans.
"It's the price, the cost, that is driving premiums," she noted, alleging further that health-plan profits were not linked to the increased cost.