Thursday, September 6, 2012

ObamaCare Causes 50% Jump in NC Student Premiums

CNN reports that student semester health insurance premiums jumped by more than 50% this fall at colleges and universities in North Carolina, in part due to the ObamaCare law, according to university officials.
In April, Tom Ross, the president of the University of North Carolina system, sent a letter to the university's board of governors announcing that students should brace for a hike in the cost of university-provided insurance plans.

Ross explained that at least 64,000 North Carolina college students - roughly a third of those enrolled in the state's 17 public universities - should expect to see "substantial" increases in health coverage costs for the 2012-2013 academic year.

"Based on more than three semesters of actual claims experience, as well as the new provisions of the Affordable Care Act, we are facing large increases in premiums for our students," Ross wrote in the letter.

In North Carolina, college students are required to have proof of health insurance, either through their university, their parents or a private provider.

Students who purchase insurance plans from North Carolina public universities this fall will be shelling out $709 per semester. That's up significantly from a cost of $460 per semester last year.
As Ed Morrissey at hotair.com explains, the low-cost student health plans available to students last year were eliminated under ObamaCare, so students are forced to buy high-cost comprehensive plans instead.
If students wanted a comprehensive-policy option, they could have gotten it without ObamaCare, and now students no longer have the more sensible low-cost option thanks to ObamaCare’s mandate. ...college students haven’t realized so far just how badly ObamaCare exploits them to lower costs for the more politically reliable 40-54 YO demographic, who really benefit most by forcing younger people to pay higher premiums. They may begin to understand it, though, as those health-insurance bills get delivered this month.

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