A new government report confirms it. ObamaCare is already driving up health care costs.
The U.S. Government Accountability Office (GAO) finds that the President’s health care law is already causing health insurance rates to go up because of its mandate, already in effect, that forces insurance policies to drop annual limits on how much the health insurer must pay.
Such limits are necessary to help hold down the costs of insurance. Abolishing them necessarily drives up costs (and thus kills jobs).
That’s why the federal Department of Health and Human Services (HHS) has been flooded with requests for a waiver from the mandate. Businesses, associations, labor unions, even entire states have applied for and received waivers. GAO reports that HHS has granted more than 1,400 waivers so far, exempting more than 3 million Americans from the mandate.
Most of the applicants predict the annual-limit mandate will drive up their costs by at least 10 percent.
You can’t repeal the laws of economics. But we can and should repeal the President’s job-killing health care law.
Here’s the link to the report.
Dean Clancy is FreedomWorks’s Legislative Counsel and Vice President, Health Care Policy.