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Tuesday, July 27, 2010

Reform May Result in Higher Health Insurance Premiums

President Barack Obama fulfilled his promise to reform the nation's healthcare system and make health insurance affordable on March 23, 2010, when he signed the Patient Protection and Affordability Care Act of 2010 (PPACA) into law. Proponents of the law applauded the reform, based on the assumption that many formerly uninsured Americans would be given the opportunity to obtain health insurance coverage.

Obama predicted at the time, that the average family would save $2,500 in yearly premiums. This amount was later refuted by the Congressional Budget office, which predicted a yearly health insurance premium increase of $2,300.

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Reform May Result in Higher Health Insurance Premiums

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