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Obamacare Made Premiums Rise

bballcrook21
Posts: 4,468
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7/31/2016 6:26:16 PM
Posted: 4 months ago
http://www.forbes.com...

"While I will discuss the relevant evidence of the ACA"s effect on premiums in depth, there are three data points worth emphasizing. First, unlike Adler and Ginsburg"s approach, Brookings 2014 study used actual data and found that "enrollment-weighted premiums in the individual health insurance market increased by 24.4 percent beyond what they would have had they simply followed"trends." Second, S&P Global Institute found that average individual market medical costs increased substantially between 2013 and 2015, up an estimated 69%. Third, 2014 insurer data shows that premiums for individual market Qualified Health Plans (QHPs), ACA-compliant plans certified to be sold on exchanges, were much higher than premiums for individual market non-QHPs, mostly plans in existence before 2014 that did not comply with the ACA. Relative to non-QHPs, insurers collected more than $1,000 per enrollee in higher premiums and more than $2,300 in higher premium revenue per enrollee in 2014 after accounting for large premium subsidy programs for their QHPs."

This is also from the Brookings Institution, which is renowned.
If you put the federal government in charge of the Sahara Desert, in 5 years there'd be a shortage of sand. - Friedman

Underlying most arguments against the free market is a lack of belief in freedom itself. -Friedman

Nothing is so permanent as a temporary government program. - Friedman

Society will never be free until the last Democrat is strangled with the entrails of the last Communist.
KendoRe2
Posts: 126
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7/31/2016 6:50:54 PM
Posted: 4 months ago
Sure did. My dad is self employed and paid out of pocket every month for a Blue Cross Blue Shield full coverage health plan. When Obamacare took effect, his premium more than doubled.