How Much Is ObamaCare Adding to Health Insurance Premiums?
About 1.5 percentage points, according to a new study from the consulting firm Aon Hewitt. Here’s the breakdown:
HT: Sarah Kliff at Ezra Klein’s blog.
About 1.5 percentage points, according to a new study from the consulting firm Aon Hewitt. Here’s the breakdown:
HT: Sarah Kliff at Ezra Klein’s blog.
I still enjoy how liberals and those supporting PPACA say only “1.5%” increase. Despite the fact Obama said we can keep our plan and premiums would go down. It is so disappointing to see so many smart people defend a piece of legislation that has not stood up to what it was promised to do. As well, for individual plans, PPACA was purported to support and bolster the individual market, remember when Obama said that more people would leave their current employer and create jobs if they could buy insurance. It appears that PPACA is pricing these plans out of the market.
Only 1.5%, can we then add that to the total cost of PPACA?
Of course the Affordable Care Act will increase the cost of premiums. The law mandates additional benefits — such as elimination of annual and lifetime caps on benefits. Adding benefits means someone will have to pay for those benefits.
Never mind that some policies are simply no longer available for inclusion in the “PPACA Trend Impact.”
Out of sight, out of mind.