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John Barrasso: “The stock of the insurance companies went up 500% to 1000%.”

Featuring: John Barrasso, Republican | U.S. Senate Wyoming

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Barrasso Rips Democrats' One-Size-Fits-All Obamacare Disaster

Published | Video Starts at 00:57

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. Obamacare was always pricey. It was never affordable. (00:57–01:02)

CLAIM

Asserts that insurance company stocks increased by 500% to 1000% due to 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.


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