On Monday, it was announced that premiums for plans sold on HealthCare.gov, the government website for Affordable Care Act plans, will see a nearly 25 percent increase for next year. This, of course, shouldn't come as too big of a shock, considering that premiums have risen by nearly $5,000 since the "Affordable" Care Act was passed.
In 2008, the average health insurance premium cost a family about $12,680 every year. Now, after the passage of the Affordable Care Act, the average premium cost for a family has ballooned to $17,500.
As a reminder, one of the selling points of the law was that it was going to significantly lower premiums.
Fact checkers: No, health insurance premiums will not rise under Obamacare. http://t.co/kkbAnlk9
— OFA TruthTeam (@OFATruthTeam) October 17, 2012
To which Sen. Ted Cruz (R-TX) had an impressively snarky take on:
This tweet has not aged well. #FullRepeal https://t.co/uX7DD9QUKe
— Ted Cruz (@tedcruz) October 25, 2016
Yikes.
