Report: Obamacare Will Boost Individual-Market Premiums 41% on Average
by Wynton Hall 4 Nov 2013, 4:02 PM PDT
A new 49-state analysis by the Manhattan Institute finds that Obamacare will increase individual-market insurance premiums by an average 41%.
Of the 49 states studied, 41 will experience average premium increases and eight will see reductions.
Avik Roy, writing for Forbes, says "the steepest hikes will be imposed on the healthy, the young, and the male. And Obamacare's taxpayer-funded subsidies will primarily benefit those nearing retirement--people who, unlike the young, have had their whole lives to save for their health-care needs."
So far, 3.5 million Americans have received health insurance cancelation notices because of Obamacare.