Showing posts with label insurance rates. Show all posts
Showing posts with label insurance rates. Show all posts

Monday, November 25, 2013

OCare: Progressives Pick Winners & Losers

"Unlike drug addicts, alcoholics, or the obese — all of whom represent higher-than-average medical costs — smokers are the only such group with a pre-existing condition that ObamaCare penalizes," reports William La Jeunesse at Fox News.
It allows insurance companies to charge smokers up to 50 percent more than non-smokers for an identical policy, depending on the state and any subsidies the person might qualify for. [snip]

A study by nonpartisan Institute for Health Policy Solutions found some smokers could pay as much as 33 percent of their income in health care premiums, well in excess of what ObamaCare considers "affordable" health care.

The study presented three scenarios:
  1. The premium for a young, non-smoker earning roughly the minimum wage will cost $708. The same policy for a smoker would cost $3,308, or up to 400 percent more.
  2. Before subsidies, a non-smoker who is 59 or older would also pay $708 for a "silver" or mid-level policy. However, a smoker of the same age would pay $5,908.
  3. In a worst-case scenario, an older couple who smokes could be "literally impoverished" by ObamaCare premiums, said the report. That couple could pay an $11,352 health care premium, or one-half their annual income of $23,000. By comparison, a non-smoking person over 59 years old would pay 90 percent less, or just $952 after federal subsidies.
It seems that Progressives have an insatiable appetite for controlling other peoples' lives and choices, whether it's the amount of salt they eat or the size of the soft drinks they buy. Remember that Progressives were the primary drivers of the Prohibition of alcohol in the early 1900s, too. 

Thursday, October 17, 2013

Chart: Obamacare Premiums by State

The Heritage Foundation has put together this chart comparing the state-by-state cost of health insurance premiums before and after Obamacare. Millennial residents in 46 states and the District of Columbia will see increases in their premiums—a whopping 252.5% increase for Virginians, from $165 per month to $581.55 per month). Only in five states will residents see a reduction in premiums: Colorado, New Jersey, New York, Ohio and Rhode Island. (View large image.)
How Will You Fare in the Obamacare Exchanges?