remember this? we estimate we can cut average family s premium by about $2500 per year. i am actually not interested in just capping premiums, i want to lower premiums, by an average of $2500 per family per year. we will start by reducing premiums by as much as $2500 per family. it s time to bring down the typical family premium by $2500. it s time to bring down the costs for the entire country. now, premiums have gone up minimum $2500 per family and average the heritage foundation estimates they re at $16,500 per family right now. not only that but people are finding out that their deductible is going to be much higher, so that s the amount that you have to pay out of pocket up until a certain amounting until your insurance kicks in. for a lot of people that has been the shocking thing in addition to the premium increase. i agree. i think on the employer mandate, the reason they extended that for a year is because they were
lower premiums, by an average of $2500 per family per year. we will start by reducing premiums by as much as $2500 per family. it s time to bring down the typical family premium by $2500. it s time to bring down the costs for the entire country. now, premiums have gone up minimum $2500 per family and average the heritage foundation estimates they re at $16,500 per family right now. not only that but people are finding out that their deductible is going to be much higher, so that s the amount that you have to pay out of pocket up until a certain amounting until your insurance kicks in. for a lot of people that has been the shocking thing in addition to the premium increase. i agree. i think on the employer mandate, the reason they extended that for a year is because they were hearing from businesses it was unworkable, they needed more time. the individual actually is the one that ends up getting that word, the s word, by the
sponsored health plan and giving them a payment to buy their own coverage. this move was mentioned in the gop weekly address. the average family premium for people getting insurance at work is nearly $3,000 higher than it was when the president took office. and because of the many new government regulations in the law, many part-time workers are having their hours cut back and their pay reduced. despite the law s unpopularity by some, the partisan divide remains strong. some democratic lawmakers oppose the republican efforts to suffocate funds. they say it s time to move forward. president obama signed the affordable health care act. the bill was designed to address the two biggest problems of the american health care system, it s extraordinary cost and its lack of coverage, and to do so to a way that improves, not weaken, the quality of our
gretchen: then the actual family premium for 2012 was 15,745. now, could it be insurance companies play into this a little bit, up more than 15? could it be they re saying hey, because of obamacare, we re raising your premiums, wink, wink? or is it all 100% obamacare and it s just impossible to implement and it s very costly? eric: you know what s going to end up happening? that $15,000 number will skyrocket. here is how the system works. they want you to buy obamacare. you have a mandate to own insurance. if you don t, you ll pay a fee. young people who typically pay more into who would be paying more into obamacare than taking out in the form of health care are going to opt for the penalty or the fee, whatever you want to call it, the tax. so without those young people, it s going to be skewed toward older people who take a lot out of the system. there is president obama way the system can hold up. they have to raise the premiums or run to the government to help
she may have sawed daughter. she is due to give birth in july. how sweet would that be? you just want that baby healthy. health insurance premiums could go up 200 percent for young americans. families could see premiums thrive as insurance companies face regulations of obama care. diane macedo has the story. despite promises the affordable care act would lower insurance premiums a joint house senate report says in 2008 the average family premium has risen more than 3,000 dollars it will only get worse after the law s requirements go into effect next year. this report comes from the house energy and commerce committee along with health labor tingses committee. among other findings they say lounger individuals who pay a