Obamacare | The Government's Takeover of Health Care
Obamacare Increases Premiums for Men 99%, 62% for Women
Created on Wednesday, 09 October 2013 08:04
Written by Chuck Justice
The full extent of Obamacare's reach is not fully known, but what we know is that health care premiums in the individual market are going to skyrocket. While the Obama regime and HHS are frantically lying to the American people, stating that costs are going to drop, the truth is that they can't figure out how to convince the country that Obamacare is better for them. Since the bill was rammed into law, public support has only dropped and continues to do so. Now, they're facing the reality of Obamacare.
Every study shows how much Obamacare is going to cause health care premiums to skyrocket. From Forbes:
For months now, we’ve been waiting to hear how much Obamacare will drive up the cost of health insurance for people who purchase coverage on their own. Last night, the U.S. Department of Health and Human Services finally began to provide some data on how Americans will fare on Obamacare’s federally-sponsored insurance exchanges. HHS’ press release is full of happy talk about how premiums will be “lower than originally expected.” But the reality is starkly different.
Based on a Manhattan Institute analysis of the HHS numbers, Obamacare will increase underlying insurance rates for younger men by an average of 97 to 99 percent, and for younger women by an average of 55 to 62 percent. Worst off is North Carolina, which will see individual-market rates triple for women, andquadruple for men.
HHS releases a trickle of data and a load of spin
Earlier this month, I and two colleagues from the Manhattan Institute—Yevgeniy Feyman and Paul Howard—published an interactive map that detailed Obamacare’s impact on individually-purchased health insurance premiums in 13 states plus D.C. As the accompanying article described, Obamacare increased premiums in those states by an average of 24 percent.
But those states were largely blue states that had set up their own, state-based insurance exchanges. The big data dump that we’ve been waiting for, since then, is from the majority of states that didn’t set up their own state-based exchange. That data is the responsibility of the Obama administration, namely HHS. Finally, with less than a week to go before the exchanges are supposed to go on-line, HHS has released a slim, 15-page report and a press release that summarize some of the premium data.
“Premiums nationwide will also be around 16 percent lower than originally expected,” HHS cheerfully announces in its press release. But that’s a ruse. HHS compared what the Congressional Budget Office projected rates might look like—in 2016—to its own findings. Neither of those numbers tells you the stat that really matters: how much rates will go up next year, under Obamacare, relative to this year, prior to the law taking effect.
Former Congressional Budget Office director Douglas Holtz-Eakin agrees. “There are literally no comparisons to current rates. That is, HHS has chosen to dodge the question of whose rates are going up, and how much. Instead they try to distract with a comparison to a hypothetical number that has nothing to do with the actual experience of real people.”
We can't wait for people to see their health care costs skyrocket, while being promised otherwise from the Obama regime.
Chuck Justice is the editor-in-chief for Habledash.