Did I say lower? Sorry, was just going with all the ObamaCare-Zombie talking points
(Indystar) 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, which requires insurers to cover those with pre-existing conditions and to offer a minimum level of benefits, said Logan Harrison, chief deputy commissioner with the Indiana Department of Insurance under Republican Gov. Mike Pence. New taxes and fees under the law also contributed, Harrison said.
“This new data regrettably confirms the negative impact of the Affordable Care Act on the insurance market in Indiana,†he said. “The Affordable Care Act requires many Hoosiers to purchase more comprehensive and more expensive health insurance than they may want or need. These rates call into question just how affordable health insurance will really be for many Hoosiers.â€
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, Harrison said.
The article points out that this only effects about 220,000 people who buy health insurance on their own, but does anyone think that these kinds of increased costs won’t hit virtually every other plan?
Raising $255 to $570 is an increase of $315 or 123.5%. Must be the new Obama math.
So the costs on 3% of that state’s population are going up primarily because now those with pre existing conditions must also be granted coverage. A much larger group will have their costs go up 4% per year for the next 2 years. That increase is about 50% less than health care costs have been going up nationally. Thank you for pointing this out for us
Yup it is that Obama math
So john, do you really believe that raising coverage requirements would not effect rates?
ObamaCare is a disaster just as conservatives predicted. It has raised costs, affected full time employmrnt rates, and has regulations that no one understands but will be regulated by that bastion of honesty, the IRS.
Be a man and admit you and your ilk were wrong.
Here’s the real story on Harrison’s shady numbers: http://www.newrepublic.com/article/113973/obamacare-rate-shock-indiana-what-gop-officials-didnt-say