Author Topic: ObamaCare to increase state premiums on average by 41%  (Read 438 times)

0 Members and 1 Guest are viewing this topic.

Offline rangerrebew

  • America defending Veteran
  • TBR Contributor
  • Hero Member
  • *****
  • Posts: 56,968
  • “It’s easier to fool people than to convince them
ObamaCare to increase state premiums on average by 41%
« on: November 05, 2013, 08:26:42 AM »
ObamaCare to Increase State Premiums on Average by 41 Percent

Posted By Daniel Greenfield On November 4, 2013 @ 10:23 pm In The Point | No Comments

If you like your affordable health plan, you can’t keep it. Because you’re on the hook for everyone who isn’t paying their fair share.

In the average state, Obamacare will increase underlying premiums by 41 percent. As we have long expected, the steepest hikes will be imposed on the healthy, the young, and the male.

Notice how Obama and his media cronies kept talking about rate drops in New York. You can see why. It’s one of the few positive examples.

This nearly-complete analysis finds that the average state will face underlying premium increases of 41 percent. Men will face the steepest increases: 77, 37, and 47 percent for 27-year-olds, 40-year-olds, and 64-year-olds, respectively. Women will also face increases, but to a lesser degree: 18%, 28%, and 37% for 27-, 40-, and 64-year-olds.

Eight states will enjoy average premium reductions under Obamacare: New York (-40%), Colorado (-22%), Ohio (-21%), Massachusetts (-20%), New Jersey (-19%), New Hampshire (-18%), Rhode Island (-10%), and Indiana (-3%)

The eight states that will face the biggest increases in underlying premiums are largely southern and western states: Nevada (+179%), New Mexico (+142%), Arkansas (+138%), North Carolina (+136%), Vermont (+117%), Georgia (+92%), South Dakota (+77%), and Nebraska (+74%).

Notice how the losers lose more than the winners gain. As usual the welfare benefits don’t come close to equaling the losses to those paying for it. And that’s the secret little story of the welfare state. The gap between the gains and the losses. There isn’t an evening out, but a cynical subsidy.


Article printed from FrontPage Magazine:

URL to article:

There is danger from all men. The only maxim of a free government ought to be to trust no man living with power to endanger the public liberty.
Public virtue cannot exist in a nation without private, and public virtue is the only foundation of republics. There must be a positive passion for the public good, the public interest, honour, power and glory, established in the minds of the people, or there can be no republican government, nor any real liberty: and this public passion must be superior to all private passions. John Adams

Share me

Digg  Facebook  SlashDot  Delicious  Technorati  Twitter  Google  Yahoo