When Barack Obama, Harry Reid and Nancy Pelosi tried to brainwash the American people into thinking that they needed the Affordable Care Act, they promised that it would drive health care costs down and make it more affordable for everyone.
In a new report released by the Health Care Cost Institute, the cost to employers for their employee health coverage increased by 3.3% in 2010. The inflation rate for the US for 2010 was only 1.5%, less than half the rate of increase of health care.
The Health Care Cost Institute researchers managed to gather data from three of the four largest health insurers by enrollment numbers (Humana Inc, United Health and Aetna). They were also able to gather data from one of the largest nonprofit providers (Kaiser Permanente). To their knowledge, this comprised the largest set of private insurance data every compiled for such research purposes.
Their research revealed that the price of prescriptions increased by 3%, admission cost for inpatient services increased by 5.1% and the cost of outpatient treatments rose by a whopping 10%. While costs across the board were rising at more than double the national inflation rate, the number of people enrolled in health care programs decreased by 1%.