A new report shows health insurance rates under the Patient Protection and Affordable Care Act (ACA), otherwise known as Obamacare, will necessarily skyrocket in several states, while going up marginally in others.
Analysis by PricewaterhouseCoopers’ Health Research Institute (HRI) reveals the average premium increase in healthcare plans from 2014 among all 43 reporting states and the District of Columbia (D.C.) is 5.6 percent, and the average premium for a healthcare plan is $381.
“Though average rate increases hover in the single-digit range, actual changes and premium prices vary significantly across states. In states with approved rates, average rates range from a 22 percent decrease to a 35 percent increase (in Colorado).”
Though Colorado is the only state reporting a 35 percent increase in premiums according to HRI, nine other other states have health care plans with 20 percent premium increases. They are: Pennsylvania, Indiana, Wisconsin, Kansas, Utah, Arizona, Nevada, California, and Washington State.
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On Monday, officials at the U.S. Department of Health and Human Services (HHS), the government agency that oversees the federal healthcare bureaucracy, projected 9.9 million Americans would enroll in Obamacare next year. This number is significantly lower than the 13 million target set by the nonpartisan Congressional Budget Office (CBO).
Breaking: HHS lowers ObamaCare enrollment expectations http://t.co/TASoOsbOzU
— The Hill (@thehill) November 10, 2014
This was some of the reaction after The Hill tweeted the news Monday:
— Dave Thompson (@ThompsonSenate) November 10, 2014
@thehill Could be they’re lowering expectations so their final numbers look better… always better to underpromise and overperform.
— Politics Alabama (@PoliticsAlabama) November 10, 2014
— BenghaziTangoFoxtrot (@TFinn82) November 10, 2014
— Melancton Smith (@Melancton_Smith) November 10, 2014
h/t The Blaze