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This site is the inspiration of a former reporter/photographer for one of New England's largest daily newspapers and for various magazines. The intent is to direct readers to interesting political articles, and we urge you to visit the source sites. Any comments may be noted on site or directed to KarisChaf at gmail.

Tuesday, March 18, 2014

Health insurance premiums up 39% to 56% under Obamacare, reach $2,604 a month in California -- By Paul Bedard, The Washington Examiner


Americans buying health insurance outside the new Obamacare exchanges are being forced to swallow premiums up to 56 percent higher than before the health law took effect because insurers have jumped the cost to cover all the added features of the new Affordable Care Act.

According to a cost report from eHealthInsurance, a nationwide online private insurance exchange, families are paying an average of $663 a month and singles $274 a month, far more than before Obamacare kicked in. What's more, to save money, most buyers are choosing the lowest level of coverage, the so-called "bronze" plans.

The firm provided the costs to Secrets through their new online price index, which gives the averages of what people are paying for insurance sold through their system. In California, for example, some families are paying a high of $2,604 a month and in New York, $1,845.


The shocking surge in prices show what Americans not in Obamacare or covered by their employer are paying as they seek lower premiums. Typically, they are not eligible for the subsidies Obamacare offers those with low incomes.

"Premiums are increasing primarily because of the new required provisions for 2014 Affordable Care Act compliant plans, including guaranteed issue, essential health benefits, modified community rating and minimum actuarial values," said Brian Mast, spokesman for eHealthInsurance. "It is also likely that health insurance companies expected additional risk in the risk pool, because people with pre-existing conditions could no longer be denied coverage, and may have priced their plans higher to accommodate for this risk," said Mast.

His firm's price index also gives an average age for singles buying plans, and the results are worrying for insurers and the Obama administration. That's because the average age is 36, older than the administration had hoped for.

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