NYT: Republicans declared in a May 2013 report from a House committee that Americans were about to face a devastating “rate shock,” with Obamacare premiums almost doubling on average. Republicans then said it would only get worse: At the beginning of 2014 the Republicans warned about a “death spiral” in which only the sickest citizens would sign up, causing premiums to soar even higher and many people to drop out of the program.
Several months into 2014 many leading Republicans — including John Boehner, the speaker of the House — were predicting that more people would lose coverage than gain it. And everyone on the right was predicting that the law would cost far more than projected, adding hundreds of billions if not trillions to budget deficits.
What actually happened? There was no rate shock: average premiums in 2014 were about 16 percent lower than projected. There is no death spiral: On average, premiums for 2015 are between 2 and 4 percent higher than in 2014, which is a much slower rate of increase than the historical norm. The number of Americans without health insurance has fallen by around 15 million, and would have fallen substantially more if so many Republican-controlled states weren’t blocking the expansion of Medicaid. And the overall cost of the program is coming in well below expectations.http://www.nytimes.com/2015/04/27/opinion/paul-krugman-nobody-said-that.html?