2009 Promise of Cheaper Health Care Has Morphed Into 2013 Price Hikes

“Remember when President Obama promised back in 2009 that his health care reform plan would cut insurance premiums for the average family by $2,500? Four years later, those promised cuts have morphed into admissions of price hikes. According to a new study from Bank of America Merrill Lynch, 70 percent of chief financial officers cite health costs as their top concern, up from 51 percent last year, mainly because of what they expect Obamacare to do to costs. Many smaller companies are contemplating dropping family coverage — and will instead offer benefits to workers only, thanks to the higher costs on the way because of Obamacare.

http://www.forbes.com/sites/sallypipes/2013/08/19/obamas-2009-promise-of-cheaper-healthcare-has-morphed-into-2013-price-hikes/