Obamacare health-care premiums going up

Austan Goolsbee, former chairman of the Council of Economic Advisors, and Boris Epshteyn, Republican strategist and Trump surrogate, debate the cost of health care in the United States.

Study: ObamaCare Premiums Could Rise Double-Digits

Health Care

Some Americans could see a double-digit rise in health care premiums under the Affordable Care Act, also known as Obamacare, next year, according to a new study.

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The report conducted by The Kaiser Family Foundation discovered that by 2017, silver plans, the second-lowest cost plan under the ACA, could increase by an “average of 10% across 14 metropolitan areas.”

Austan Goolsbee, former chairman of the Council of Economic Advisors, argued most Americans should not be worried about the study.

“You’re talking about only people who are buying their insurance through exchanges and only the lowest price plan. It’s about 5% of people,” Goolsbee told the FOX Business Network’s Trish Regan.

Goolsbee added: “In the last five years, health care-cost inflation has been the lowest in a half century. Before there ever was an Obama administration, health care costs for everyone were rising at double-digit rates and three times the rate of inflation.”

On the contrary, Boris Epshteyn, a Republican strategist and Trump surrogate, said Obamacare has been taxing on Americans’ wallets.

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“Premiums are going up and that’s what’s costing the actual individuals and taxpayers more money,” he said. “The costs are going up because insurance companies simply cannot sustain the burden of ObamaCare. You’ve seen insurance companies lose money in 41 out of 50 states.”

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