Research

Obama promised his government-run experiment on health care “will slow the growth of health care costs for our families, our businesses, and our government.” When he was running for President, he even went so far as to say that his experiment would “lower health-care costs by $2,500 for the typical family.” The reality is that he broke these promises (and more) when he signed his experiment into law almost two months ago.

The expected impact of Obama’s broken promises have not gone unnoticed. In fact, The Associated Press reports:

More than 40 percent of employers surveyed by the consulting firm Mercer expect health care reform to raise health care costs by a modest 2 percent or less next year. A quarter of those surveyed believe reform will add at least 3 percent to their projected costs for 2011, while 3 percent of the employers expect no increase.

Early cost increases for employers will come from ObamaCare’s front-loaded benefits – like allowing young adults to stay on their parents’ health plan until they’re 26 years old. Given that, it’s no wonder why nearly 80% of employers aren’t going to offer coverage to them any earlier than they have to.

To see more reasons why ObamaCare is a bad prescription for America, check out today’s Health Care Pulse Check, “Americans Still Oppose ObamaCare, While Businesses Still Expect Higher Health Care Costs.”