Wednesday, July 22, 2015

Obamacare Premiums Soar for the 95% of American Who Don't Qualify for Subsidies




For most people, insurance premiums went up as a result of the Affordable Care Act.
 
If we look at premiums for the 95% of Americans who don't qualify for subsidies, men aged 30, on average, are paying +73% more than they did before the ACA went into effect. 

And women aged 63 are paying +38% more.

Young men are seeing the greatest increase, with those aged 23 now paying +78% more

And monthly premiums for family policies rose +
93.7%, from $378 for 2013 plans to $732 for 2014 plans.

The biggest factors leading to the increase are the fact that insurance must now cover new applicants even if they have preexisting illnesses, and the mandatory inclusion of several previously optional coverage items.

No comments:

Post a Comment