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claim that typical family would save an average of $2500 Per Year on Health Insurance under ACA.
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Showing posts with label
claim that typical family would save an average of $2500 Per Year on Health Insurance under ACA.
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“The Congressional Budget Office score of the American Health Care Act shows that the bill will reduce deficits by $119 billion over the next decade and result in 23 million more people being uninsured by 2026. This leaves the impression that people would be better off if Obamacare were unchanged. But a new report from the Department of Health and Human Services dispels this myth.
The DHHS report shows that premiums in the individual market exchanges increased by 105 percent in the 39 states using Healthcare.gov from 2013 to 2017. This is equivalent to $244 per month in additional premium payments for people buying insurance through the exchanges, or $2,928 over the course of a year. People not eligible for exchange subsidies are fully exposed to these increases, while taxpayers will bear the brunt in the form of higher outlays for subsidies for enrollees who are eligible.
Despite the promises that Obamacare would “cut the cost of a typical family's premium by up to $2,500 a year,” average premiums on the exchanges more than doubled over this period. In some states, such as Alabama and Alaska, the average premium more than tripled.
The high average increase is not driven by a few outliers, as 23 out of the 39 states included in the analysis experienced premium increases in excess of 105 percent. Only three states, North Dakota, New Hampshire, and New Jersey, had cumulative premium increases below 50 percent.” - Memo to CBO: Obamacare Is Unsustainable, economics21.org, 05/24/2017
Link to the entire article appears below:
https://economics21.org/html/memo-cbo-obamacare-unsustainable-2364.html
“Across the country, Americans are facing substantially higher costs under the Affordable Care Act.
In most states, health insurance premiums on the individual marketplace are rising by double digits under Obamacare. Seventeen states will face average premium increases of 20 percent or more. Iowans, for instance, will see their premiums spike by 22 percent this year. In Minnesota, Alaska, Tennessee, and Hawaii, rates will rise by 30 percent or more.
Want to know where your state ranks? Type a state into the search bar to view the average rate hike and the range of premium changes individuals purchasing insurance on the individual market will face. You can also sort or export the data.” - 2016 Obamacare Premium Increase Tracker, 01/10/2016, freedom partners.org
Below is the link to the entire article. You can search any state’s ACA/Obamacare average price increase and the statistics also denote the low and high regarding price increases:
http://freedompartners.org/latest-news/2016-obamacare-premium-increases/
“Obamacare enrollees will pay more next year, as new data found a roughly 10 percent increase on all types of marketplace plans.
The Robert Wood Johnson Foundation released datasets on average premiums for 2015 and 2016 on Wednesday. The data showed that every tier of Obamacare plans — bronze, silver and gold — raised average premiums by about 10 percent in 2016 from 2015.
Gold plans had the largest increase with 11 percent, while bronze came in with 10 percent and silver with just under 10 percent, the foundation data shows.” - Obamacare enrollees face higher premiums next year, Washington Examiner, 12/16/2015
Link to the entire article appears below:
http://www.washingtonexaminer.com/obamacare-enrollees-face-higher-premiums-next-year/article/2578518
‘Employer-based health insurance premiums climbed 4.2% this year for family plans, according to an annual Kaiser Family Foundation report. That's up from 3% the year before.
Since 2008, average family premiums have climbed a total of $4,865.
The White House cheered the news, saying it was a sign of continued slow growth in premium costs.
That much is true. Since 2006, the average annual increase for family plans at work has been 4.9%, down from around 10% a year from 1999-2005.
Slightly less higher premiums aren't what President Obama promised Americans when he ran for office touting his medical overhaul. He specifically said his plan would cut premiums.
"We will start," Obama said back in 2008, "by reducing premiums by as much as $2,500 per family."
That $2,500 figure was Obama's mantra on health care. You can watch the video if you don't believe it.
And Obama wasn't talking about government subsidized insurance or expanding Medicaid or anything like that. He specifically focused on employer provided health care.
For "people who already have insurance, and the employers who are providing it," he said at one campaign event, "we will work to lower your premiums by up to $2,500 per family."‘ - Health Premiums Have Climbed $4,865 Since Obama Promised to Cut Them $2,500, IBD, 09/23/2015
Link to the entire article appears below:
http://news.investors.com/blogs-capital-hill/092315-772384-premiums-have-steadily-climbed-despite-obama-promise-to-cut-them.htm
“Insurers have asked for double-digit rate increases for nearly 1 out of every 3 Obamacare plans that will be sold on HealthCare.gov for 2016 coverage, according to a new analysis.
And in three states—Delaware, South Dakota and West Virginia—every plan sold on HealthCare.gov is asking for 10 percent or more hikes in the prices of their premiums for next year, AgileHealthInsurance.com said in its report.”
“Existing Obamacare customers in six other states on that federally run marketplace, which serves two-thirds of the United States, could also be in for a rude awakening come November when open enrollment resumes.
In those other six states, a majority of plans are requesting double-digit hikes, ranging from Montana, where 86 percent of the plans have asked for such increases, down to North Dakota, where 67 percent of the plans are doing so.
"The natural reaction [for those customers] is: They're going to be surprised," said Sam Gibbs, executive director of AgileHealthInsurance.com.
"In some of these states, there's going to be a strong reaction to it," said Gibbs.
AgileHealthInsurance's analysis found that 7 percent of the Obamacare plans sold on HealthCare.gov are asking for rate hikes of at least 30 percent, while 14 percent of such plans are asking for increases of at least 20 percent. “ - Obamacare's many double-digit price hikes for next year, CNBC, 09/05/2015
Link to the entire article appears below:
http://www.cnbc.com/2015/09/04/obamacares-many-double-digit-price-hikes-for-next-year.html
“Some Oregon residents could pay up to 38 percent more for health insurance next year, the latest salvo in an ongoing battle between Obamacare's supporters and opponents over premiums.
The state's insurance regulator was one of the first to finalize 2016 premium rates for the individual and small business markets, which Obamacare covers.
For the state's individual market, the final rate decisions range from an average increase of about 8 percent to nearly 38 percent, depending on the insurance company, the regulator said Friday.” - Massive health insurance hikes hit Oregon, Washington Examiner, 07/04/2015
Link to the entire article appears below:
http://www.washingtonexaminer.com/massive-health-insurance-hikes-hit-oregon/article/2567602
“It’s been five years since the Affordable Care Act became law, but only two since most of its provisions went into effect. As its detractors predicted, the ACA’s implementation led to a large, immediate rise in health insurance premiums. This is hardly surprising: The law required that a broad swath of treatments be fully insured, thus deepening the moral hazard problems that have long plagued the American health insurance system.
Heritage Foundation microsimulation analysis of the 2015 health insurance offerings on the ACA exchanges found that the sharp 2014 price spike was not reversed. The average health insurance premium rose by 5% this year, much higher than the rate of inflation. But that increase is modest compared to the massive increase in non-group health insurance rates in 2014, which was around 50% on average, with some consumers facing much worse rate jumps.“ - ACA Has Pushed Insurance Premiums to New Heights, WSJ, 03/30/2015
Link to the entire article appears below:
http://blogs.wsj.com/washwire/2015/03/30/aca-has-pushed-insurance-premiums-to-new-heights/
“Grubergate: The lies are getting pretty thick these days. The president claims that he never misled anyone about ObamaCare and that Jonathan Gruber was just "some adviser." In fact, Gruber was a key player in the deception.
When Fox News' Ed Henry asked Obama on Sunday if he'd misled the American people "in order to get the bill passed," Obama's answer was "No, I did not." Space prohibits listing all the ways Obama did, in fact, mislead the public.”
“Actually, Gruber played a central role in a coordinated campaign to deceive the public — a campaign that arguably proved instrumental in getting ObamaCare enacted. To see how he did it, let's turn the clock back to Nov. 4, 2009.
At the time, the White House was in a frantic push to get ObamaCare through the Senate before the year was up. Democrats, who held 60 seats at the time, could not afford to lose a single vote against unified GOP opposition. And they were rightly worried that a January special election in Massachusetts would deny them their filibuster-proof majority if voters elected Republican Scott Brown.
That day, the White House touted a research paper that Gruber had issued, describing it as an "objective analysis" that showed how "reform will help small businesses (and) lower premiums for American families." Later that month, Nancy-Ann DeParle — director of the White House Office of Health Reform — said that another Gruber study "confirms" that the "Senate health reform bill reduces costs and improves coverage."
“In fact, the existence of Gruber's fat $400,000 contract didn't emerge until after the Senate passed ObamaCare — when a blogger for the left-wing website Daily Kos posted a link in early January 2010 complaining about Gruber's "sole source" contract for "technical assistance in evaluating options for national healthcare reform." The contract claimed that Gruber was the "only one responsible source" available for such help.” - Gruber Was Key to Getting ObamaCare Passed, Investors Business Daily, 11/17/2014
Link to the entire article appears below:
http://news.investors.com/ibd-editorials-obama-care/111714-726840-gruber-deception-helped-enact-obamacare.htm?p=full
‘Floridians who buy health insurance on the individual market for next year will face an average increase of 13.2 percent in their monthly premiums, according to rate proposals unveiled Monday by the state’s Office of Insurance Regulation.
The rate proposals affect all Affordable Care Act-compliant health plans on the individual market, whether they’re sold through the federally-run exchange or not. Small and large group health plans typically offered by employers were not included in the data released by the state.
Fourteen companies filed ACA-compliant plans for Florida’s 2015 individual market, including three new companies that did not participate on the federally-run exchange last year.
Of the 11 returning plans, eight filed average rate increases ranging from 11 to 23 percent, and three filed rate decreases ranging from 5 to 12 percent, the state’s insurance regulator reported.’
‘About 893,000 people or 91 percent of Floridians who bought coverage on the exchange also receive a federal subsidy to lower their share of the premium, according to federal data.
According to the state report released Monday, most insurers propose double-digit premium increases, including the state's largest health insurer, Florida Blue, which announced last week that premiums would increase by an average of 17.6 percent for its exchange plans.
Health First Insurance, which sold 15 types of plans on the ACA exchange in 2014, proposed an average increase of 23 percent for its PPOs plans next year — the highest jump of all companies offering coverage on the individual market, according to the state.
Humana, which offers 35 plans on the ACA exchange, proposed increasing average monthly premiums for its HMO by about 14 percent.
Nancy Hanewinckel, a Humana spokeswoman, said in a written statement that the proposed increases were “primarily driven by underlying cost of services, including physician and provider fees; health care utilization; and increased prescription drug costs, particularly the fast-growing use of high-cost specialty medications, such as Sovaldi for Hepatitis C.’’
Joe Mondy, a spokesman for Cigna, said the company’s proposed 17 percent rate increase was “based on our customers’ 2014 early clinical experience and claims payments, expected medical trend, along with other factors such as the phase out of the government reinsurance program and expectations on the changing risk pool in 2015.’’
Most insurers echoed the explanations from Cigna and Humana — attributing increases to higher-than-expected health costs as a result of attracting customers who previously lacked coverage and are using more services than expected.
They also blamed regulations mandated under the health law, which forbids insurance companies from denying people with pre-existing conditions, limits the amount that they can charge their oldest members, and no longer allows them to charge more for women than men.
A dearth of young and healthy enrollees also has contributed to the increases, Florida Blue officials said last week. About 30 percent of the 984,000 Floridians who signed up for a plan on the exchange is younger than 35, according to federal data.’ - Proposed prices for health plans in 2015 unveiled, Miamiherald.com, 08/04/2014
Link to the entire article appears below:
http://www.miamiherald.com/2014/08/04/4271376/proposed-prices-for-health-plans.html
