Obamacare rate spike is Trumps fault?

ObamaCare co-architect Jonathan Gruber — who infamously said “the stupidity of the American voter” helped get the measure to become law — now blames Trump for rising premium costs.

“Whose fault is this?” Gruber asked on “Fox News Sunday.” “Since President Trump has been elected … premiums are going up and insurers are exiting.”

Gruber, a Massachusetts Institute of Technology economics professor, argued that perceived rising premium costs are really a one-time increase in 2016 to cover “massively underpriced” policies for the first two years of the 2010 law.

He also said the increase “fixed” the problem because insurance companies then showed signs of profitability and talked optimistically about continued participation in the program.

Read the rest at: ObamaCareSpike

 

 

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