It’s no wonder more than half of Americans oppose Obamacare. Week after week, I talk with folks who are seeing their health insurance premiums increase by hundreds, sometimes thousands, of dollars per year. Despite the cost hikes, many also found that the 2017 options had larger deductibles, which often translated into higher out-of-pocket expenses too. Like I said, it’s no wonder.
For many that had to return to healthcare.gov during the recent open enrollment period, the numbers are pretty shocking. On average, the nation saw a nearly 25 percent increase in the cost of health insurance premiums for 2017, although in states like mine (South Dakota) that increase drifted to nearly 40 percent. That kind of cost surge has the potential to fundamentally alter a person’s annual budget. At the same time, costly Obamacare taxes create constant pressure to push costs higher. The health insurance tax alone costs families as much as $400 per year in healthcare premium costs, according to the Joint Committee on Taxation, which is why I’ve introduced bipartisan legislation with nearly 100 of my House colleagues to repeal it specifically.
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