OBAMA: "Over the last two years, health care premiums have gone up — it's true — but they've gone up slower than any time in the last 50 years. So we're already beginning to see progress. In the meantime, folks out there with insurance, you're already getting a rebate."
THE FACTS: Not so, concerning premiums. Obama is mixing overall health care spending, which has been growing at historically low levels, and health insurance premiums, which have continued to rise faster than wages and overall economic growth. Premiums for job-based family coverage have risen by nearly $2,400 since 2009 when Obama took office, according to the nonpartisan Kaiser Family Foundation. In 2011, premiums jumped by 9 percent. This year's 4 percent increase was more manageable, but the price tag for family coverage stands at $15,745, with employees paying more than $4,300 of that.
When it comes to insurance rebates under Obama's health care law, less than 10 percent of people with private health insurance are benefiting.
More than 160 million Americans under 65 have private insurance through their jobs and by buying their own policies. According to the administration, about 13 million people will benefit from rebates. And nearly two-thirds of that number will only be entitled to a share of it, since they are covered under job-based plans where their employer pays most of the premium and will get most of the rebate.
ROMNEY on the failure of Obama's economic policy: "And the proof of that is 23 million people out of work. The proof of that is 1 out of 6 people in poverty. The proof of that is we've gone from 32 million on food stamps to 47 million on food stamps. The proof of that is that 50 percent of college graduates this year can't find work."
THE FACTS: The number of unemployed is 12.5 million, not 23 million. Romney was also counting 8 million people who are working part time but would like a full-time job and 2.6 million who have stopped looking for work, either because they are discouraged or because they are going back to school or for other reasons.
He got the figure closer to right earlier in the debate, leaving out only the part-timers when he said the U.S. has "23 million people out of work or stopped looking for work." But he was wrong in asserting that Obama came into office "facing 23 million people out of work." At the start of Obama's presidency, 12 million were out of work.
His claim that half of college graduates can't find work now also was problematic. A Northeastern University analysis for The Associated Press found that a quarter of graduates were probably unemployed and another quarter were underemployed, which means working in jobs that didn't make full use of their skills or experience.