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Ladies...put your politics aside....find out how much Obamacare rates increased in your state.

Posted by on Jan. 23, 2016 at 12:56 PM
  • 53 Replies

Find Out How Much Obamacare Rates

Increased in Your State

 
Premiums under the Affordable Care Act will rise in nearly every state this year, spiking
health insurance costs for nearly all Americans, according to a new report.
 

All states, with the exception of Mississippi, saw the cost of health insurance premiums increase for 2016. And in most states, Americans using Obamacare’s individual marketplace to purchase insurance saw premium costs rise by double digits.

Freedom Partners, a nonprofit organization advocating free markets and limited government, reported that four states—Minnesota, Alaska, Tennessee, and Hawaiiwill be hit with average premium increases of 30 percent or more. Another 17 states will see spikes of at least 20 percent.

Nathan Nascimento, the group’s senior policy adviser, said a “sicker risk pool” coupled with Obamacare’s “onerous and crushing mandates” caused the across-the-board hikes.

 

“In many states, insurers are finding increased costs and burdensome mandates under the law to be unsustainable, and are exiting the marketplace altogether,” Nascimento told The Daily Signal, adding:

Others are facing a variety of harmful side effects of Obamacare, with young, healthy people opting out of coverage or finding their plans unaffordable and dropping out before the end of the year.

This state-by-state chart summarizes the group’s findings:

Graphic: Freedom Partners. Used with permission from Rebecca Coffman.

Graphic: Freedom Partners. Used with permission.

Americans living in Minnesota will be hurt the most, with premium costs expected to skyrocket nearly 48 percent, Freedom Partners’ “2016 Obamacare Premium Increase Tracker” found.

Alaska faces increases around 39 percent, Tennessee around 35 percent, and Hawaii around 30 percent.

The only state where premiums are expected to fall is Mississippi. Those who reside in the Magnolia State can expect a 0.2-percent drop.

Drew Gonshorowski, a senior policy analyst at The Heritage Foundation who tracks premium increases under Obamacare, said costs also may be rising because insurance companies initially priced their plans too low.

“Every year, historically, premiums have gone up a decent amount,”Gonshorowski told The Daily Signal. “But in these cases, a lot of this has to do with some insurers coming into the market a little lower than what they had thought was reasonable and now they’re trying to recoup losses.”

He also attributed the premium increases to individuals who enrolled in the insurance exchanges while less healthy than insurers predicted.

“There is some evidence that utilization is up from this population, and if people use their health insurance more, or use their health providers more, it costs the insurers more,” Gonshorowski said.

It also causes insurance companies to pay out more than anticipated, he said, so they have to raise premiums to compensate for the losses.

The biggest issue with the Affordable Care Act, he said, is that the law puts restrictions on how insurers can price plans in the market.

“A repeal of the ACA would take away these restrictions,” Gonshorowski said. “They would allow insurers to price more flexibly and actually price to the cost of their enrollees. The evidence shows that that would bring premiums down.”

Nascimento said that although repealing the health care law would “eliminate the excessive mandates and regulations” spurring premium increases, a repeal alone would not be enough to fix the health care system:

We need to see further free-market reforms to truly lower costs for all Americans. Broadly, we need to get government regulations out of the way and truly reform how health care is delivered by eliminating barriers to care and unshackling providers.

But it isn’t just premiums that are increasing. Gonshorowski said that based on his own research with Heritage, the cost of deductibles also is rising.

He said the best thing Americans who are facing more expensive health care costs can do is shop around on the marketplace to look for cheaper options.

“It really does seem like the plans that captured market share are interested in increasing prices for people,” the Heritage policy analyst said.
 
 

 

by on Jan. 23, 2016 at 12:56 PM
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Replies (1-10):
pvtjokerus
by Ruby Member on Jan. 23, 2016 at 1:07 PM
2 moms liked this

Maybe I am missing something here but wasn't Obamacare supposed to help the less unfortunate and those that couldn't get insurance???

cjsbmom
by Lois Lane on Jan. 23, 2016 at 1:14 PM
11 moms liked this
It didn't pass as originally intended. By the time Congress was done messing with it, it changed a lot from what Obama actually proposed. Had this been allowed to be a true marketplace exchange - meaning insurance companies from EVERY state would be accepted in all states - the sheer competition would have driven prices down and made insurance more affordable. That didn't happen and what we ended up with instead was a huge clusterfuck that was destined to fail from day 1.

I've been buying my insurance (I'm a contractor) for nearly 13 years now, and I hate to break it to everyone, but my rates have significantly increased every year, even before Obamacare went into effect. We need true insurance reform in this country. Whether that means moving to a single-payer system or just reworking the market to increase competition, it doesn't matter. But something needs to be done, because this shit is getting old. I just had minor outpatient surgery 3 weeks ago and I am going to struggle to meet my new deductible, let alone pay the rest of what I'm responsible for. Insurance, IMO, is the biggest ponzi scheme around.


Quoting pvtjokerus:

Maybe I am missing something here but wasn't Obamacare supposed to help the less unfortunate and those that couldn't get insurance???

wymama610
by on Jan. 23, 2016 at 1:26 PM
All we needed was inter-state competition. We had to buy our own the last couple of years, and it was not only a waste of money, (super high premiums for no coverage, high deductibles) it didn't do anything for us. Part of the reason I went back to work was to get employer health. If this shot doesn't get repealed, employer coverage will disappear once the 'Cadillac' tax goes into place.
quickbooksworm
by Gold Member on Jan. 23, 2016 at 1:33 PM
4 moms liked this
In addition to what the previous person said, part of what was supposed to pass was a Medicaid expansion to cover people who couldn't afford to buy insurance. One of the things that Congress messed with was leaving it up to each state on whether they wanted to participate. Many states refused to expand their Medicaid programs leaving many people unable to purchase insurance but making too much to be covered by the state (in my state of you have any income at all you are not eligible for Medicaid). I'd be curious to make the comparisons but it looks as if the states who refused the expansion are now seeing the sharpest increases.

Quoting pvtjokerus:

Maybe I am missing something here but wasn't Obamacare supposed to help the less unfortunate and those that couldn't get insurance???

pvtjokerus
by Ruby Member on Jan. 23, 2016 at 1:41 PM

You are right.  We need inter-state competition.  I just study a handful of insurance companies and tried to find decent rates.  While Obamacare does not effect me directly it does effect me indirectly by skyrocketing our out of pocket fees.  Time to start over.....

Quoting wymama610: All we needed was inter-state competition. We had to buy our own the last couple of years, and it was not only a waste of money, (super high premiums for no coverage, high deductibles) it didn't do anything for us. Part of the reason I went back to work was to get employer health. If this shot doesn't get repealed, employer coverage will disappear once the 'Cadillac' tax goes into place.


pvtjokerus
by Ruby Member on Jan. 23, 2016 at 1:43 PM

I disagree with your first paragraph and agree with your second paragraph.  Congress was full of Demos that passed this bill in the first place.  What are you insinuating?

Quoting cjsbmom: It didn't pass as originally intended. By the time Congress was done messing with it, it changed a lot from what Obama actually proposed. Had this been allowed to be a true marketplace exchange - meaning insurance companies from EVERY state would be accepted in all states - the sheer competition would have driven prices down and made insurance more affordable. That didn't happen and what we ended up with instead was a huge clusterfuck that was destined to fail from day 1. I've been buying my insurance (I'm a contractor) for nearly 13 years now, and I hate to break it to everyone, but my rates have significantly increased every year, even before Obamacare went into effect. We need true insurance reform in this country. Whether that means moving to a single-payer system or just reworking the market to increase competition, it doesn't matter. But something needs to be done, because this shit is getting old. I just had minor outpatient surgery 3 weeks ago and I am going to struggle to meet my new deductible, let alone pay the rest of what I'm responsible for. Insurance, IMO, is the biggest ponzi scheme around.
Quoting pvtjokerus:

Maybe I am missing something here but wasn't Obamacare supposed to help the less unfortunate and those that couldn't get insurance???


cjsbmom
by Lois Lane on Jan. 23, 2016 at 2:07 PM
1 mom liked this
Didn't say it was the Republicans in Congress who made it a clusterfuck. I said it was Congress. Last time I checked, that includes Dems, Repubs, Independents and even Green Party congressmen and women. They all fucked it up. Every last one of them.
And notice I do not say that Obamacare isn't a mess. It is. I will wholeheartedly agree with that assessment.


Quoting pvtjokerus:

I disagree with your first paragraph and agree with your second paragraph.  Congress was full of Demos that passed this bill in the first place.  What are you insinuating?

Quoting cjsbmom: It didn't pass as originally intended. By the time Congress was done messing with it, it changed a lot from what Obama actually proposed. Had this been allowed to be a true marketplace exchange - meaning insurance companies from EVERY state would be accepted in all states - the sheer competition would have driven prices down and made insurance more affordable. That didn't happen and what we ended up with instead was a huge clusterfuck that was destined to fail from day 1.

I've been buying my insurance (I'm a contractor) for nearly 13 years now, and I hate to break it to everyone, but my rates have significantly increased every year, even before Obamacare went into effect. We need true insurance reform in this country. Whether that means moving to a single-payer system or just reworking the market to increase competition, it doesn't matter. But something needs to be done, because this shit is getting old. I just had minor outpatient surgery 3 weeks ago and I am going to struggle to meet my new deductible, let alone pay the rest of what I'm responsible for. Insurance, IMO, is the biggest ponzi scheme around.


Quoting pvtjokerus:

Maybe I am missing something here but wasn't Obamacare supposed to help the less unfortunate and those that couldn't get insurance???

pvtjokerus
by Ruby Member on Jan. 23, 2016 at 2:14 PM

Refresh my memory.  What did Congress change? 

Quoting cjsbmom: Didn't say it was the Republicans in Congress who made it a clusterfuck. I said it was Congress. Last time I checked, that includes Dems, Repubs, Independents and even Green Party congressmen and women. They all fucked it up. Every last one of them. And notice I do not say that Obamacare isn't a mess. It is. I will wholeheartedly agree with that assessment.
Quoting pvtjokerus:

I disagree with your first paragraph and agree with your second paragraph.  Congress was full of Demos that passed this bill in the first place.  What are you insinuating?

Quoting cjsbmom: It didn't pass as originally intended. By the time Congress was done messing with it, it changed a lot from what Obama actually proposed. Had this been allowed to be a true marketplace exchange - meaning insurance companies from EVERY state would be accepted in all states - the sheer competition would have driven prices down and made insurance more affordable. That didn't happen and what we ended up with instead was a huge clusterfuck that was destined to fail from day 1. I've been buying my insurance (I'm a contractor) for nearly 13 years now, and I hate to break it to everyone, but my rates have significantly increased every year, even before Obamacare went into effect. We need true insurance reform in this country. Whether that means moving to a single-payer system or just reworking the market to increase competition, it doesn't matter. But something needs to be done, because this shit is getting old. I just had minor outpatient surgery 3 weeks ago and I am going to struggle to meet my new deductible, let alone pay the rest of what I'm responsible for. Insurance, IMO, is the biggest ponzi scheme around.
Quoting pvtjokerus:

Maybe I am missing something here but wasn't Obamacare supposed to help the less unfortunate and those that couldn't get insurance???



Luvnlogic
by Platinum Member on Jan. 23, 2016 at 3:03 PM
6 moms liked this
ACA is missing cost controls...the price we all get to pay for electing insurance industry puppets to legislate. The line between maintaining a robust insurance industry and protecting consumers was crossed in favor of big business, by miles.
cjsbmom
by Lois Lane on Jan. 23, 2016 at 4:21 PM
1 mom liked this
The biggest error they made was to remove the option of a government-run health insurance option. This wasn't universal healthcare, but more like allowing a Medicaid-type version to be offered in every state and run by the fed government. By not allowing that to happen, healthcare options became a lot less affordable.

Congress also changed how the subsidies were supposed to work, eliminating a whole class of people who are now caught in the middle. They don't qualify for the subsidy, but they don't make enough money to pay for insurance premiums on their own.

Those are the two biggies. There are a lot more, but those are the ones that affected things the most.


Quoting pvtjokerus:

Refresh my memory.  What did Congress change? 

Quoting cjsbmom: Didn't say it was the Republicans in Congress who made it a clusterfuck. I said it was Congress. Last time I checked, that includes Dems, Repubs, Independents and even Green Party congressmen and women. They all fucked it up. Every last one of them.
And notice I do not say that Obamacare isn't a mess. It is. I will wholeheartedly agree with that assessment.


Quoting pvtjokerus:

I disagree with your first paragraph and agree with your second paragraph.  Congress was full of Demos that passed this bill in the first place.  What are you insinuating?

Quoting cjsbmom: It didn't pass as originally intended. By the time Congress was done messing with it, it changed a lot from what Obama actually proposed. Had this been allowed to be a true marketplace exchange - meaning insurance companies from EVERY state would be accepted in all states - the sheer competition would have driven prices down and made insurance more affordable. That didn't happen and what we ended up with instead was a huge clusterfuck that was destined to fail from day 1.

I've been buying my insurance (I'm a contractor) for nearly 13 years now, and I hate to break it to everyone, but my rates have significantly increased every year, even before Obamacare went into effect. We need true insurance reform in this country. Whether that means moving to a single-payer system or just reworking the market to increase competition, it doesn't matter. But something needs to be done, because this shit is getting old. I just had minor outpatient surgery 3 weeks ago and I am going to struggle to meet my new deductible, let alone pay the rest of what I'm responsible for. Insurance, IMO, is the biggest ponzi scheme around.


Quoting pvtjokerus:

Maybe I am missing something here but wasn't Obamacare supposed to help the less unfortunate and those that couldn't get insurance???

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You must be a member to reply to this post.
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