Cleveland Clinic CEO: 3/4 Of Obamacare Signups Will Face Higher Premiums

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A leading healthcare expert poured cold water on the administration’s recent Obamacare enthusiasm, saying that three quarters of those signed up will face higher premiums than under their previous insurance.

“Out of people that have signed up about three quarters will find premiums higher than previously with other insurance,” Dr. Toby Cosgrove, CEO of the Cleveland Clinic said on Fox News Sunday.

“Hospitals are going to be paid less for what they do,” Cosgrove continued. “And we also know insurers are paying less too. We have to become more efficient in how we deliver care which is a big change for health care providers.”