Myth #7: Insurance costs will go up
The health care law has caused health insurance premiums to increase for families struggling to make ends meet.
-Rep. Nan Hayworth (R-NY), 06/28/2012
Actually, the new health care law lowers administrative costs for employers and employees and increases choice and competition in health insurance. A family of four will save as much as $2,300 on their premiums in 2014 compared to what they would have paid without reform, according to the Congressional Budget Office. Premiums for the same plan will be up to 2 percent lower for small businesses and 3 percent lower for large businesses.
Read more in our new memo debunking the 12 biggest myths about the Affordable Care Act.
