Health Insurance Premiums Going Up By Double-Digit Amounts Under Obamacare

obamacare-cartoon

Obamacare, or the Affordable Care Act as it is officially known, was supposed to make health insurance cheaper and easier to get. But thanks to a raft of new regulations, taxes and mandates put in place by the law insurance premiums are increasing faster than before the law.

And small business owners, as well as individuals who purchase their own health insurance (such as this humble blogger) are the hardest hit:

Particularly vulnerable to the high rates are small businesses and people who do not have employer-provided insurance and must buy it on their own.

In California, Aetna is proposing rate increases of as much as 22 percent, Anthem Blue Cross 26 percent and Blue Shield of California 20 percent for some of those policy holders, according to the insurers’ filings with the state for 2013. These rate requests are all the more striking after a 39 percent rise sought by Anthem Blue Cross in 2010 helped give impetus to the law, known as the Affordable Care Act, which was passed the same year and will not be fully in effect until 2014.

In other states, like Florida and Ohio, insurers have been able to raise rates by at least 20 percent for some policy holders. The rate increases can amount to several hundred dollars a month.

The proposed increases compare with about 4 percent for families with employer-based policies.

Back in November I interviewed a spokesman for Blue Cross Blue Shield of North Dakota, and he intimated that North Dakotans will likely be on the hook for similar premium hikes. The estimate for individual health insurance policies is a 75% – 100% increase, as well as a 15% increase for group policy holders.

The reaction, from some quarters, will be to blame greedy insurance companies for these rate hikes. But let’s remember that Obamacare mandates a greatly expanded sort of coverage. Insurance companies can no longer deny coverage to people who are already sick. Insurance companies must also cover many things that weren’t traditionally covered on many plans such as vision, dental and contraception.

Like these areas of coverage or not, nothing is without cost. Mandated expanded coverage means higher prices. What Obamacare has done is remove the ability of those purchasing insurance to save money by being more flexible with what they do and do not want covered.

And the big lie was, they called this the Affordable Care Act. Nothing could be further from the truth.

Rob Port is the editor of SayAnythingBlog.com. In 2011 he was a finalist for the Watch Dog of the Year from the Sam Adams Alliance and winner of the Americans For Prosperity Award for Online Excellence. In 2013 the Washington Post named SAB one of the nation's top state-based political blogs, and named Rob one of the state's best political reporters. He writes a weekly column for several North Dakota newspapers, and also serves as a policy fellow for the North Dakota Policy Council.

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  • SigFan

    One step closer to the liberal Nirvana – single-payer insurance, a.k.a. nationalized health care. Which is exactly what Obamacare was meant to be from the outset. Anyone who can’t or won’t see that is willfully blind or willfully lying – or perhaps both.

  • code4blue

    The last sentence says it all, ” they called this the affordable care act, AND nothing could be further from the truth!!!” The liberal goons are already crying because the new tax increases are showing up on their 2013 paychecks, wait until they have to put up for the obamacare!!! Damn it just keeps getting better by the day!

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