President Obama repeatedly promised Obamacare would reduce insurance premiums by $2,500 per year.
He made this promise at least 22 times.
Today Health and Human Services Secretary Kathleen Sebelius admitted health insurance rates will increase under Obamacare.
The Daily Mail reported:
Health and Human Services Secretary Kathleen Sebelius told House Ways and Means Committee members on Wednesday that she expects health insurance rates to increase as the Affordable Care Act takes full effect.
‘I think premiums are likely to go up,’ she conceded under questioning, ‘but go up at a slower pace’ than they have already under Obamacare.
President Obama famously promised in 2008 and 2009 that his health insurance overhaul plan would lower the cost of health care for an average family by $2,500 per year.