It has begun: Connecticut approves 22% health insurance rate hike to cover costs of Obamacare

But...but...President Obama promised his health care reform bill would lower health care insurance costs.

From BarackObama.com (small pdf):

OBAMA-BIDEN PLAN TO PROVIDE AFFORDABLE, ACCESSIBLE HEALTH CARE TO ALL

Barack Obama and Joe Biden’s plan strengthens employer–based coverage, makes insurance companies accountable and ensures patient choice of doctor and care without government interference. Under the plan, if you like your current health insurance, nothing changes, except your costs will go down by as much as $2,500 per year. If you don’t have health insurance, you will have a choice of new, affordable health insurance options. (emphasis mine)

Here is the actual truth about the effect of Obamacare on health insurance premiums.

The Hartford Courant reported:

Anthem Blue Cross and Blue Shield in Connecticut requested a wide range of premium increases, which will take effect Oct. 1, to cover the costs of new benefits required by federal health reform. Higher prices mostly affect new members shopping for a health plan on the individual market rather than people who have group plans through an employer or some other organization.

The Connecticut Department of Insurance approved Anthem’s request without changes, including a boost of as much as 22.9 percent just to comply with one provision: eliminating annual spending limits per customer... (emphasis mine) Read more here.