Obamacare = Higher Costs

Consumers Could See Insurance Rates Double Or Even Triple’
OHIO: ‘Average To Cover Those Costs In 2014 Is $420 Representing An Increase Of 88 Percent’

“Healthy consumers could see insurance rates double or even triple when they look for individual coverage under the federal health law later this year…” (“Health-Insurance Costs Set for a Jolt,” The Wall Street Journal, 6/30/13)

CALIFORNIA: “Medical claims costs filed by individual policy holders could rise as much as 62 percent over the next four years in California under the Affordable Care Act, according to a study released Tuesday by the nation's leading group of financial risk analysts. The costs are the biggest driver of health insurance premiums and that could mean higher prices for residents…” (“Study: Health-Care Law To Increase Cost Of Claims In California By As Much As 62%,” AP, 3/27/13)

• “Katharine King, 59 and a self-employed concert and event producer in Santa Monica, already pays $497 a month for her individual health insurance from Anthem Blue Cross. She wouldn't qualify for federal premium help based on her income. Using the state's online calculator, which doesn't yet reflect the final rates, her premiums could shoot up to nearly $600 a month next year. … ‘It will likely be another case of the middle class kind of getting screwed.’” (“New California Health Insurance Rates Unveiled,” Los Angeles Times, 5/23/13)

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)

MARYLAND: “Maryland’s biggest health insurer proposed raising premiums for individual policies by an average of 25 percent next year, saying that President Obama’s health law would require it…” (“With Health Law Looming, One Large Insurer Wants A 25 Percent Premium Hike,” The Washington Post, 4/24/13)

“…Study finds that insurance companies will have to pay out an average of 32 percent more for medical claims under President Barack Obama's health care overhaul. What does that mean for you? It could increase premiums…” (“Study: Health Law To Raise Claims Cost 32 Percent,” AP, 3/27/13)

• “…the overwhelming majority [of states] will see double-digit increases in their individual health insurance markets, where people purchase coverage directly from insurers. The disparities are striking. By 2017, the estimated increase would be 62 percent for California, about 80 percent for Ohio, more than 20 percent for Florida and 67 percent for Maryland.” (“Study: Health Law To Raise Claims Cost 32 Percent,” AP, 3/27/13)
• INDIANA: ‘premiums will rise by more than 67 percent for Indiana’ “A study by the nation's leading group of financial risk analysts shows the biggest driver of health insurance premiums will rise by more than 67 percent for Indiana residents' individual policies under President Barack Obama's health care overhaul.” (“Study: Indiana Individual Health-Claim Costs To Rise,” AP, 3/26/13)
• IDAHO: ‘Percentage change, per-person, per-month … Idaho 62.2%.’  “Medical claims costs are the main driver of health insurance premiums. A study by the Society of Actuaries estimates the new federal health care law will raise claims costs nationally by an average of 32 percent per person in the individual health insurance market by 2017. ... STATE Percentage change, per-person, per-month … Idaho 62.2%.” (“States Change In Claims Cost In Health Overhaul,” AP, 3/27/13)
• MISSOURI: “Much of the reason for the higher claims costs is that sicker people are expected to join the pool, the report said. In Missouri, the rate is 59 percent; in Illinois, 51.” (“Health Overhaul Will Raise Claims Cost 32 Percent, Study Says,” AP, 3/26/13)
• KENTUCKY: “A new study says costs of medical claims would rise an average of 34 percent for individuals in Kentucky next year under the Affordable Care Act. … The cost of medical claims is the biggest driver of health insurance premiums.” (“Report: Under ACA, Ky. Claims To Go Up 34 Percent,” AP, 3/27/13)

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