Before Obamacare in 2010:
- A family of four had to pay $13,000 a year in premiums
with a $3,000 deductible.
Now, in 2025:
- A family of four had to pay $35,000 a year in premiums
with a $6,000 deductible.
“Obamacare has been in effect for 15 years now, and it
promised to dramatically save us on healthcare costs and make us healthier.”
If you look at 2010, for a family of four, their premiums
were around $13,000 and they had deductibles between $3,000 and $4,000.
Now, for 2025, the figure has increased to $35,000, with a
deductible of between $5,000 and $6,000.
What's happening now is that we have what are called
functionally uninsured patients. This means they have insurance, think they're
fine, but then they get sick, go to the ER, present their magic insurance card,
and discover they have a $5,000 deductible.
That means they have to pay $5,000 before the first dollar
of coverage. Now, the ER is almost certainly going to wipe out that $5,000
deductible. This means patients now have ongoing medical debt.
So, has Obamacare saved us money? No, unfortunately not.
What it has done is make the system incredibly complicated.
It has seen the growth of very small and medium-sized insurers into gigantic
ones. Right now, there are seven insurers on the Fortune 500 list.