So this video of a report on the news that people’s health premiums may be going up significantly next year (the number quoted was 10%: that will be important in a moment) is going around. It shows, in fact, Senator Chuck Schumer (D, NY) making what turned out to be a couple of fascinating comments along those lines:
Here’s the transcript of the relevant commentary from Sen Schumer:
“Our insurance department is empowered to protect families, and we’re going to watch them like a hawk to make sure that they do, because it they don’t these, these rates could go through the roof.”
“Is it because of Obamacare?”
“It’s in part because of Obamacare, but health care has been going up in double digits for years and years and years…”
Now that‘s interesting. Not just because of the accidental admission by Schumer that Obamacare is going to raise your rates (which, by the way, President Obama promised wouldn’t happen): but also because I’m not exactly sure where the Senator got that double-digit thing. Continue reading Chuck Schumer’s very odd double-digit insurance cost increase claim.