Obamacare and Romneycare Architect Says to Expect Steep Increase in Health Care Premiums

Massachusetts Institute of Technology (MIT) economist Jonathan Gruber is one of the chief architects behind Romneycare and Obamacare.

His not-so-independent analysis was relied upon by President Obama and the Democrats when debating the Patient Protection and Affordable Care Act (Obamacare). In 2009, Gruber said that “[health care] reform will significantly reduce, not increase, non-group premiums.” Based on Gruber’s analysis, President Obama sold Obamacare to the public on the premise that his reforms would bend the cost curve down.

Now, Gruber says “[a]fter the application of tax subsidies, 59 percent of the individual market will experience an average premium increase of 31 percent,” Gruber reported. Why? Because many residents who currently have heath insurance in the individual market do not meet Obamacare’s minimum coverage requirements as determined by federal government bureaucrats.