Well, the Democrats wanted to hide these premium increases, so they said, we better send a lot of money directly to the insurance companies. Don't let the people see it. Send it right to the insurance companies. The insurance companies loved it. Premiums went up 221%. and. The stock of the insurance companies went up 500% to 1000%. That's what happened with Obamacare. And now at this point, over 90% of premiums are subsidized by the federal government. (00:53–00:56)
CLAIM
Asserts that health insurance premiums increased by 221% since the implementation of Obamacare.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.