May 24, 2017
HHS Secretary Price Statement on CBO Report
"...Americans are paying more for fewer healthcare choices because of Obamacare"
Following the release of the Congressional Budget Office (CBO) report analyzing the American Health Care Act, Health and Human Services (HHS) Secretary Tom Price, M.D. released the following statement:
“The CBO was wrong when they analyzed Obamacare’s effect on cost and coverage, and they are wrong again. In reality, Americans are paying more for fewer healthcare choices because of Obamacare, and that’s why the Trump Administration is committed to reforming healthcare. In a new analysis released just last night, HHS reported that premiums in the individual market have more than doubled since many of Obamacare’s regulations and mandates were implemented.”
HHS released a new analysis yesterday that shows premiums have doubled for individual health insurance plans since 2013, the year before many of Obamacare’s regulations and mandates took effect. The analysis is based on data compiled by the previous Administration, and the report was produced by the Office of The Assistant Secretary for Planning and Evaluation (ASPE).
According to the report:
- Average individual market premiums more than doubled from $2,784 per year in 2013 to $5,712 on Healthcare.gov in 2017 – an increase of $2,928 or 105%.
- All 39 states using Healthcare.gov experienced an increase in individual market premiums from 2013 – 2017.
- 62% of states using Healthcare.gov had 2017 premiums double what was measured in 2013.
- Three states – Alaska, Alabama, and Oklahoma – saw premiums triple from 2013-2017.
For more detailed information and report methodology, click here.