Apr 08, 2016
“I Liked My Insurance, but Couldn’t Keep It” What People Are Saying About the ACA
Post by Derek Yale
Recently, Freedom Partners shared on Facebook our recent Affordable Care Act research showing that health insurance premiums in the five years since the passage of Obamacare have risen at a faster rate than the five years prior to the passage of the law. We asked Facebook users to share their personal experiences with the Affordable Care Act. Many of the responses from Americans struggling under the law were striking.
Some users said they were forced off plans that they liked.
For years, President Obama told Americans the Affordable Care Act would not result in cancelled plans, famously promising, “if you like your health care plan you can keep it.” This promise was quickly proven hollow as millions of Americans began receiving cancellation notices because their plans did not meet Affordable Care Act regulations.
Some remarked on the perverse incentives the Affordable Care Act created.
“How is it that working less and making less ever got anyone ahead?” one Facebook user asked. The answer is that the Affordable Care Act’s subsidies and penalties put millions of Americans in a position in which working fewer hours yields more disposable income than working full time.
Many users decried skyrocketing premiums and deductibles.
A recent Freedom Partners report shows that these case studies are far from outliers. Over the five years before the passage of the Affordable Care Act, the average employer-sponsored family health insurance plan saw annual premium increases of 4.8 percent. During the five years following the passage of the law, annual premiums increased faster – by an average of 5 percent.
Personal stories like these put human faces on the data and trends we are seeing under the Affordable Care Act. Hard-working Americans are suffering under skyrocketing premiums and deductibles, new taxes and regulations, and millions of cancelled plans. It’s time for Washington to reverse course and put patients in control of their health care.