Health insurance premiums have shot up by more than $3,000 per family in the past four years — despite Barack Obama’s 2008 campaign promise to reduce them by $2,500.
The cost of the average policy has risen by $3,065 since then-candidate Obama made his pledge, an Investor’s Business Daily survey reveals. They have gone up by $2,370 since he entered the White House in 2009.
“What’s more, premiums climbed faster in Obama’s four years than they did in the previous four under President Bush, the survey data show,” the Daily reports.
The newspaper says that Obama promised in February 2008, “We are going to work with you to lower your premiums by $2,500. We will not wait 20 years from now to do it, or 10 years from now to do it. We will do it by the end of my first term as president.” He made similar promises throughout the campaign.
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