Premiums Surge under Obamacare

Cleveland Clinic CEO Toby Cosgrove

CEO of the Cleveland Clinic, Toby Cosgrove, explains that the majority of Americans who have gone on Obamacare have seen their premiums rise. And even though Americans are paying more, healthcare providers are earning less.

The CEO of the Cleveland Clinic says that a majority of Americans who signed up for Obamacare have seen their premiums rise.

“About three-quarters of them find that their premiums are higher than they had been previously with otherinsurance,” Toby Cosgrove told Fox News.

Cosgrove explained that the Affordable Care Act is having a “major effect” upon health care providers.

“We know for example that we’re going to get paid less for what we do,” Cosgrove stated. “Hospitals are going to be paid less for what they do. We also know that insurers are paying less for what we do.”