Author Topic: ObamaCare to increase state premiums on average by 41%  (Read 428 times)

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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.


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