Fact Sheet | Center for a Healthy America

Obamacare’s Failed Promises

April 30, 2024

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Obamacare and the Affordability Crisis in Healthcare

The Affordable Care Act, known as “Obamacare,” became law in 2010. President Obama promised the law would “reduce the costs of health care” and stated that “families will save on premiums.[1]” After 14 years, the facts do not support these promises:

Premiums have increased by 80%.
From 2010 to 2023, the average premium for family coverage increased 80%, from just over $13,000 to nearly $24,000.[2]
Total healthcare costs for a family of four now exceed $30,000 per year—increasing from $18,000 per year when Obamacare was passed.[3]
Deductibles have increased over 50% since Obamacare was implemented in 2013.[4]

Obamacare put Government & Insurance Bureaucrats in Control

It is often harder to get the care you need than it was before Obamacare due in large part to more restrictive provider networks.[5]
Obamacare encouraged and caused healthcare monopolies.[6]
Obamacare imposed a cap on health insurance profits through the Medical Loss Ratio provision. To evade the cap, insurers bought pharmacy benefit managers, pharmacies, and doctors’ offices and now channel profits through those entities.[7]