Coloradans to see as high as 30.8 percent in health care spikes
DENVER—Today Advancing Colorado Executive Director Jonathan Lockwood released the following statement in response to the revelation Coloradans will see on average 13.4 percent increase in their health care premiums, some as high as 30.8 percent:
“The politicians who are sentencing Coloradans to 30.8 percent increases in their health care costs because of their defiant support of the president’s proven failure of Obamacare should be put on blast. How anyone can defend this ignorant law is beyond reason and regard. The president should not have vetoed the legislation to repeal Obamacare that our representatives worked to pass through Congress. We are seeing government-directed health care negatively impact real human lives.”
On top of increasing health care premiums 43,000 Obamacare enrollees will be bearing the full cost of their insurance plans after losing tax credits meant to make coverage more affordable.
According to the Hill, those enrollees no longer receive Obamacare tax credits because they failed to file a tax return for 2014, according to the Department of Health and Human Services (HHS).
The effort to repeal some components of the president’s health care law would have cost about $42 billion less than previously expected. Meaning, the repeal could have saved more than a half-trillion dollars over a decade according to the congressional budget scorekeeper.
Repealing Obamacare could have reduced the deficit by $516 billion over 10 years, according to the Congressional Budget Office (CBO).