This video clip below is worth your time. You’ll get to hear Bill Clinton directly criticize Obamacare. His main concern is that the 25 million additionally covered Americans came at the cost of higher premiums.
His claims of “double” are actually on the low side. Since Obama came into office, the average annual health insurance premium rose from $1,332 to $2,868. That rise is noticeably more than double.
Comparatively, inflation has risen roughly 13 percent in that same time. Now, it’s well documented that government subsidies lead to inflated prices, but this introduces a newer and more dangerous problem.
Like the video demonstrates, the government no longer needs to own markets in order to enact socialist agendas. Regulation, when properly applied, can do the job just fine. Obamacare is the perfect example.
Through regulation alone, health insurance premiums have jumped, but healthcare costs have risen even more. Forcibly inflating coverage and participation in healthcare has made everything in the industry cost more, making adequate coverage even more out of reach for the poorest groups than before Obamacare.
It is just another example of the government using bloated bureaucracy to cripple markets and further entrench America’s poorest citizens in cycles of poverty.