A large part of the reason former President Barack Obama gave for passing his signature legislation, Obamacare, is that health insurance costs were so high as to be prohibitive for Americans, but costs have only kept going up since it was passed in 2012, as a new report details.
It now costs an average of $24,000 to insure a family through an employer -- 7% more than last year, which is double the official inflation rate.
Families are paying, on average, $15,000 a year to have coverage. Premiums for singles are $8,435 on average, which is triple the 2013 cost.
These numbers come from KFF, a health policy think tank. “It's just an incredible amount of money to spend on health insurance every year,” report co-author Matthew Rae said.
Part of the cost comes from Obamacare's ridiculous requirements, such as making single men pay for pregnancy services.
Of course, Biden wants to make things even worse because, well, he just does. That's what Democrats do unless voters help Republicans stop them.