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Are You
Healthy?
Obamacare May Triple
Your Premium!
Much higher
rates for this
group could
be the impact
of the insurance overhaul's
aim to cover the chronically
ill.
The Affordable Care Act is
designed to place health
care within reach of all
Americans, but the law may
end up making insurance
more costly for healthy
people.
A review of proposed health
care plans across eight states
shows premiums for those in
good health may double or
even triple under Obamacare,
while costs for people with
chronic conditions will likely
decrease, The Wall Street
Journal reports.
www.AIADirectQuote.com
Take the case of a 40-year-old
single nonsmoker. Under the new
law, he could take insurance on a
"bronze" plan that covers 60% of
medical costs and charges
premiums of about $200 a month
in most states surveyed in the
study. Yet today, he could get
coverage for far less.
Under a WellPoint (WLP
+0.11%) plan offered in
Virginia via Anthem, for
example, he could find a
plan for only $63 per
month, which covers half of
medical costs.
"If a person in 2013 has a choice of
buying a Chevrolet or a Cadillac
health plan and in 2014 they can
only buy a Cadillac, . . . are they
going to be upset? I think the
answer is yes," Bob Laszewski, a
Virginia health care
consultant, told the newspaper.
Of course, the study presents one
specific case -- a healthy consumer in
Richmond, Va. -- while costs could
vary considerably by state. The
lowest-cost plan offered on an
exchange in Nashville, Tenn., for
example, is now pegged at $149, or
23% less than the $193 monthly
premium charged in Richmond.
Still, the
findings aren't
likely to win
over any new
fans of the health care
insurance overhaul, which
is already unpopular with
Americans.
A recent survey from
CNN/ORC International
found that 54% of
Americans oppose the
legislation, with most of
those saying they feel it's
too liberal.
But aside from politics,
the overhaul's costs are
also weighing on the
minds of consumers and
business owners.
Regal Entertainment Group
(RGC +6.48%) said it's
cutting hours to avoid
providing health insurance
for thousands of non
salaried employees.
www.AIADirectQuote.com
So who will benefit from
the new plans? Most likely,
chronically ill consumers
who would otherwise face
either extremely expensive
plans or even fail to find an
insurer willing to cover
them.
Under the overhaul, plans
must be available to all
Americans, no matter what
their health.
As of now, much of the real
prices associated with
Obamacare are still
unknown. When the health
care exchanges roll out in
October, the ultimate costs
to consumers will become
clearer.
For a FREE health insurance quote
from multiple carriers
www.AIADirectQuote.com

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Obamacare May Triple Premiums for Healthy Individuals

  • 1. Are You Healthy? Obamacare May Triple Your Premium!
  • 2. Much higher rates for this group could be the impact of the insurance overhaul's aim to cover the chronically ill.
  • 3. The Affordable Care Act is designed to place health care within reach of all Americans, but the law may end up making insurance more costly for healthy people.
  • 4. A review of proposed health care plans across eight states shows premiums for those in good health may double or even triple under Obamacare, while costs for people with chronic conditions will likely decrease, The Wall Street Journal reports.
  • 6. Take the case of a 40-year-old single nonsmoker. Under the new law, he could take insurance on a "bronze" plan that covers 60% of medical costs and charges premiums of about $200 a month in most states surveyed in the study. Yet today, he could get coverage for far less.
  • 7. Under a WellPoint (WLP +0.11%) plan offered in Virginia via Anthem, for example, he could find a plan for only $63 per month, which covers half of medical costs.
  • 8. "If a person in 2013 has a choice of buying a Chevrolet or a Cadillac health plan and in 2014 they can only buy a Cadillac, . . . are they going to be upset? I think the answer is yes," Bob Laszewski, a Virginia health care consultant, told the newspaper.
  • 9. Of course, the study presents one specific case -- a healthy consumer in Richmond, Va. -- while costs could vary considerably by state. The lowest-cost plan offered on an exchange in Nashville, Tenn., for example, is now pegged at $149, or 23% less than the $193 monthly premium charged in Richmond.
  • 10. Still, the findings aren't likely to win over any new fans of the health care insurance overhaul, which is already unpopular with Americans.
  • 11. A recent survey from CNN/ORC International found that 54% of Americans oppose the legislation, with most of those saying they feel it's too liberal.
  • 12. But aside from politics, the overhaul's costs are also weighing on the minds of consumers and business owners.
  • 13. Regal Entertainment Group (RGC +6.48%) said it's cutting hours to avoid providing health insurance for thousands of non salaried employees.
  • 15. So who will benefit from the new plans? Most likely, chronically ill consumers who would otherwise face either extremely expensive plans or even fail to find an insurer willing to cover them.
  • 16. Under the overhaul, plans must be available to all Americans, no matter what their health.
  • 17. As of now, much of the real prices associated with Obamacare are still unknown. When the health care exchanges roll out in October, the ultimate costs to consumers will become clearer.
  • 18. For a FREE health insurance quote from multiple carriers www.AIADirectQuote.com