Monday, May 13, 2013

No Kidding

From the LVRJ: The Affordable Care Act may not be so affordable for some Nevadans.
The law, commonly called Obamacare, combines benefit mandates and subsidies designed to make health insurance less costly for millions of Americans who now lack coverage.
But observers ranging from state insurance officials to employee benefit consultants say some consumers could see premium increases big enough to price them out of insurance markets. If that happens, fewer people than expected could buy into the system, and that might mean the difference between Obamacare’s success or failure.
It’s not yet clear how dramatic Nevada’s premium increases might be. The state Division of Insurance has received no new product filings for the state’s public insurance exchange, Nevada Insurance Commissioner Scott Kipper said.
Kipper and other division officials declined to estimate what premiums might be, post-reform.
But they did say changes are coming, especially for consumers who buy plans on the individual market, rather than through their employers. Individual buyers make up 15.4 percent of the state’s fully insured market, excluding people who buy through self-insured businesses or government programs.
“They will see something that looks very different from what they have, and it may be priced very differently as a result,” said Glenn Shippey, an actuary in the life and health section of the Division of Insurance. “We’re not sure what that difference is going to be on an individual basis, but it’s important to understand there will be a lot of changes in existing policies.” http://www.reviewjournal.com/business/some-nevadans-may-see-higher-premiums-under-obamacare
I would be shocked if everyone didn't have their premiums increased by ObamaCare.  With all the added "benefits" mandated by ObamaCare, it doesn't take a rocket scientist to figure out that everyone's health insurance costs are going up.

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