Obama Claims Insurance Costs Now Growing at Half the Rate Pre-ObamaCare

"... Added new transparency and competition to the individual market, folks who bought insurance on their own regularly saw double-digit increases in premiums. That was the norm. And while we suspect that premiums will keep rising, they have hard for decades, we know that since the law took effect, health care spending has risen more slowly than at any time in the past 50 years. In the decade before the Affordable Care Act, employer-based insurance rose almost 8 percent a year. Last year it grew at half that rate. Under this law, real Medicare costs per person have stopped growing. The life of the Medicare trust fund has been extended by ten years. And the independent Congressional Budget Office now expects premiums for plans on the marketplace to be 15 percent lower than originally predicted. So those savings add up to more money that families can spend in businesses, more money that businesses can spend hiring new workers, and the CBO now says that the Affordable Care Act will be cheaper than recently projected. Lower costs from coverage provisions will shrink our deficits by an extra --"