Employer-based health insurance premiums climbed 4.2% this year for family plans, according to an annual Kaiser Family Foundation report. That's up from 3% the year before.
Since 2008, average family premiums have climbed a total of $4,865.
The White House cheered the news, saying it was a sign of continued slow growth in premium costs.
..."We will start," Obama said back in 2008, "by reducing premiums by as much as $2,500 per family."
That $2,500 figure was Obama's mantra on health care. You can watch the video if you don't believe it.
And Obama wasn't talking about government subsidized insurance or expanding Medicaid or anything like that. He specifically focused on employer provided health care.
For "people who already have insurance, and the employers who are providing it," he said at one campaign event, "we will work to lower your premiums by up to $2,500 per family."
So was he talking about lowering the rate of increase? It sure didn't seem that way. On CNN he said, "We're going to reduce costs an average of $2,500."
Read More At Investor's Business Daily: http://news.investors.com/blogs-capital-hill/092315-772384-premiums-have-steadily-climbed-despite-obama-promise-to-cut-them.htm#ixzz3mh1EjPO9
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