Obama: 'Free' Contraception Can Cover the Cost of Your Premiums Under Obamacare

Craig Bannister
By Craig Bannister | October 1, 2013 | 10:20 AM EDT

Pres. Obama suggested that, under Obamacare, young women may get back more in "free contraceptive care" each month than they pay out in premiums.

"And because all the insurers who participate are required to, for example, provide free preventive care, free contraceptive care, that young woman, she may make up what she's spending on premiums just on her monthly use of health care," said Obama on Sept. 24, 2013.

However, according to the Kaiser Family Foundation's online "subsidy calculator," which estimates how much people will need to pay next year in Obamacare premiums, a person with a demographic profile approximating the hypothetical woman Obama described, would need to pay more than $200 per month in Obamacare premiums.

According to an online advertisement, Target sells the contraceptive Tri-Sprintec at $9 for a month's supply.