Health Premiums to Skyrocket Says Architect of Obamacare

Jonathan Gruber is an economist at the Massachusetts Institute of Technology. He also has the distinction of being one of the principle architects of both Romneycare and Obamacare.

In 2010, Gruber provided an analysis of Obamacare for the White House. In September 2010, Obama announced to the nation,

“As a consequence of the Affordable Care Act, premiums are going to be lower than they would be otherwise; health care costs overall are going to be lower than they would be otherwise.”

Now in a recent interview, Gruber said that he is backtracking on that analysis. Based upon a more recent analysis conducted in 2011, he now says that insurance premiums are going to dramatically increase under the Obama’s health reforms.

Officials from Colorado, Wisconsin and Minnesota paid for Gruber’s newest analysis. In August of 2011, Gruber met with the officials from Wisconsin to explain his report. He told them that some people will benefit from the health reform laws while a larger majority of the people will see a dramatic increase in costs.

Speaking on the tax subsidies of the Affordable Care Act, Gruber told the Wisconsin delegation,

“After the application of tax subsidies, 59 percent of the individual market will experience an average premium increase of 31 percent.

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