Sunday, July 8, 2012

MIT's Jonathan Gruber reverses himself: Obamacare will make insurance costs spiral for many

This is critical because it was Gruber's analysis of the Affordable Care Act that created much of the administration spin that President Obama's plan would reduce costs for most Americans by 13-30%.

Now, doing contract work for several different states, Gruber discovers that due to structural issues the ACA will cause rates for most younger Americans to rise by 19-30%.

Significantly, Gruber admits that even this analysis does not take into account further increases that will occur due to the "pre-existing condition" rules that took effect almost immediately while the individual mandate was phased in over several years.

Wonder if anybody is going to go back and ask Nancy Pelosi if she still stands by her contention that under ACA “everybody will have lower rates, better quality care and better access.”

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