As part of the effort to pass his healthcare law, President Obama famously said that he was going to"bend the cost curve down." He said that he was going to reduce of the cost of a family health insurance plan by $2,500 per year.
When he came into office, the cost of a family plan was a little more than $12,000 anually, so had he been able to keep this promise that would imply that the average cost for a family plan today would be a little less than $9,800. Instead the annual cost for a family plan is now $15,000 - up by almost $3,000. That’s a $5,000 broken promise.
Video courtesy of Chippewa Valley Community Television.