The Blog

Harry Reid: I Pay $4,500 More for Health Insurance Because of Obamacare

4:59 PM, Dec 6, 2013 • By JOHN MCCORMACK
Widget tooltip
Single Page Print Larger Text Smaller Text Alerts

Senate majority leader Harry Reid tells the Reno Gazette Journal that the Affordable Care Act has made his health insurance a lot les affordable: 

"[U]nder Obamacare, my insurance costs me about $4,500 more that it did before. Yes, because it is age-related and it wasn’t like that before.”

Reid isn't exactly hurting for cash, but leading Democrats once promised that Obamacare would bring down the cost of insurance for everyone

"If you already have health insurance, the only thing that will change for you under this plan is the amount of money you will spend on premiums," Barack Obama said during his 2007 speech unveiling his health care plan. "That will be less."

In 2012, House minority leader Nancy Pelosi said on Meet the Press that "everybody will have lower rates" under Obamacare. When asked by THE WEEKLY STANDARD this summer about reports of large rate hikes for some Americans, Pelosi said, "I don't remember saying that everybody in the country would have a lower premium."

According to the Kaiser Foundation, about half of the people currently on the individual market won't qualify for any subsidies under Obamacare. Another study published in the magazine of the American Academy of Actuaries found that, even after accounting for subsidies, 80 percent of Americans under the age of 30 will pay more under Obamacare than they currently do on the individual market.

Recent Blog Posts

The Weekly Standard Archives

Browse 18 Years of the Weekly Standard

Old covers