That's another of Trump's big lies. Before Obamacare, premiums were increasing much faster - always at double digits.
While some may want to blame the health insurance companies and stockholders, there are economic and financial reasons that explain the rate increases.
Health Care Is Expensive
The cost of medical care and drugs is high and increasing. While higher prices for drugs and medical devices like EpiPens have grabbed headlines lately, overall health expenditures have grown somewhat slowly, about 5 percent annually, in recent years. But the Kaiser Family Foundation says there’s evidence those numbers could go up more quickly.
New medical treatments and drugs, especially for conditions like cancer, are especially pricey. As more sick people have insurance, they can get more expensive treatments that previously they paid for themselves or could not afford. These expensive procedures can drive up premiums for the entire pool of insurance customers.