Earlier this year I purchased health insurance on the Obamacare exchange in Washington, D.C. While I knew prices would be high, they were still something of a shock. And now congressional Democrats, with the laughably named “Inflation Reduction Act,” are poised to make it worse.
I pay a premium of $750 a month for my exchange plan. Even with a subsidy, it is over $500. It also has a deductible of $4,000. Back in the day, the political left would have called that “barely insurance.” These days, though, there are almost no leftists extolling the virtues of the Obamacare exchanges, probably because there are none.
President Obama promised Obamacare would save the average family about $2,500 in health care costs. Presumably, the resulting drop in
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