Wednesday, March 17, 2010

AP Fact Check: Your Health Insurance Premiums Will Not go Down

AP has fact checked President Obama's claim your health care premiums will go down under Obamacare. They found he is full of 'you know what.'

AP reported:
Washington (AP) - Buyers, beware: President Barack Obama says his health care overhaul will lower premiums by double digits, but check the fine print.

Premiums are likely to keep going up even if the health care bill passes, experts say. If cost controls work as advertised, annual increases would level off with time. But don't look for a rollback. Instead, the main reason premiums would be more affordable is that new government tax credits would help cover the cost for millions of people.

Listening to Obama pitch his plan, you might not realize that's how it works.

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