Obamacare "TAX" Poised To Pick Your Pocket

by Steve Foley

Americans Face Premium Hikes Up To 198%

 “For the vast majority of Americans, premium prices will be higher in the individual exchange than what they’re currently paying for employer-sponsored benefits, according to a National Journal analysis of new coverage and cost data.”(“Obama’s Affordable Care Act Looking a Bit Unaffordable,” National Journal, 8/29/13)

 GEORGIA: “Health insurance rates in Georgia are rising by up to 198 percent under Obamacare, the Georgia Insurance Commissioner said in a letter to the Department of Health and Human Services (HHS) on Monday. … For an average 25 year-old male, premiums are set to rise 85 to 198 percent within the exchanges, while for a 45 year-old male, premiums will rise 40 to 100 percent, [insurance department official Jay] Florence said. A 64 year-old male will pay 18 to 48 percent more under Obamacare’s regime.” (“Georgia Insurance Rates Spike Under Obamacare,” Free Beacon, 7/30/13)

 NEBRASKA: Premium increases of up to 143 percent “The Nebraska Department of Insurance on Thursday released proposed premium rates of all health plans submitted under the federal Affordable Care Act in Nebraska for 2014. … In the example, the cost of a Blue Cross Blue Shield ‘silver’ plan covering 70 percent of health costs was $245 a month for a 30-year-old single man living in Lincoln, up 82 percent from a year ago, and for Coventry, $271.65, up 143 percent.” (“State Posts Proposed Rates For Uninsured,”Lincoln Journal Star, 8/30/13)

 NEW MEXICO: ‘a huge spike in their premium costs … 130 percent’ “A national study of the Affordable Care Act shows people in New Mexico who buy health insurance on their own could face a huge spike in their premium costs. … The study says that New Mexico, at 130 percent, will see the steepest rate hike, followed by Vermont (97 percent), South Dakota (83 percent) and Connecticut (50 percent).” (“Study Says NM Will See Highest Increase Under Obamacare: 130 Percent,” Fox News, 9/5/13)

 WISCONSIN: Premiums increase up to 124.85 percent “The chart below compares the cost increases for a $2,000 deductible that included drug coverage in the individual insurance market. We examined plans for a 21-year-old, a 40-year-old, and a 63-year-old. … Percent Increase From Pre to Post 2014, Average Per Area: Age 21: Madison – 124.85; Age 40: 73.43; Age 63: 70.4.” (“Wisconsin Releases Information On Rate Filings,” Wisconsin Commissioner Of Insurance, 9/3/13)

 OKLAHOMA: ‘rates could increase by 100%’ “Prepare for big increases in health insurance costs. That’s the message from insurance commissioner John Doak. He says some rates could increase by 100%. … Commissioner Doak says he’s done his research and information he has received from insurance companies like Blue Cross Blue Shield and AETNA says rates will skyrocket. ‘Oklahomans are going to see an increase in the range of 30-100%.’” (“Obamacare Causes Oklahoma Insurance Rates To Skyrocket,” Fox25, 9/10/13)

 OHIO: ‘average to cover those costs in 2014 is $420 representing an increase of 88 percent’ “Health Insurance Costs to Increase Significantly Under Affordable Care Act… Based on the proposals submitted to the Department, the average to cover those costs in 2014 is $420 representing an increase of 88 percent when compared to the Society of Actuaries study.” (Ohio Department Of Insurance, Press Release, 6/6/13)

 INDIANA: “Insurance rates in Indiana will increase 72 percent for those with individual plans and 8 percent for small group plans under President Barack Obama’s healthcare overhaul, according to the state’s insurance department. The spike in costs is due primarily to new mandates under the law… Costs for individual plans is expected to increase from an average of $255 per member per month in 2012 to $570 in 2014, when the most aspects of the law go into effect.” (“State Says Obamacare Will Force 78 Percent Increase In Individual Insurance Plan Rates,” Indianapolis Star, 7/19/13)