So much for "bending down the cost curve."
Examining single, nonsmoking men and women without children in three groups, ages 23, 30, and 63, the researchers compared health insurance premiums prior to and after the implementation of Obamacare in 2014. The findings:
- The 23-year-olds had the highest premium increases. Men's premiums rose average of 78.2%. Women's premiums were hiked ~45%.
- Premiums for 30-year-old men rose 73.4%. Premiums for 30-year-old women rose 35.1%.
- For 63-year-olds, men's premiums rose an average of 22.7%, while women's rose an average of 37.5 percent, while men's .
Why the increases? Obamacare.
- It prohibits insurance companies from refusing to insure individuals with preexisting conditions.
- It requires insurance plans to offer a much more comprehensive set of benefits, including newborn care to enrollees who do not have children or whose children are full grown.
Most of those whose premiums are rising significantly may never see those bills, however.
Why? Americans below 400% of the poverty line have access to the Obamacare exchanges which offer health insurers tax credits to reduce the net premium paid. Some of those whowse premiums are rising significantly will believe they're receiving free health insurance.
Now that's really "bending down the cost curve"...care of the American taxpayer.
Let the discussion begin...
To read the Washington Post article, click on the following link:
"Obamacare premiums soar as much as 78% to help cover 'essential health benefits."