Report: Obamacare Could Increase Premiums 200 Percent

J.R. | March 21, 2013 


An exhaustive study by three congressional committees delivers startling news about the dire effects of Obamacare: President Barack Obama’s signature legislation could increase health insurance premiums by over 200 percent and render insurance coverage unaffordable for millions of Americans.

Broadly, the new report declares that Obamacare “breaks its core promise” to make healthcare coverage affordable.
“Studies and analyses from the Congressional Budget Office, independent actuaries, state insurance commissioners, health plans, benefit consultants, and others have reached the same conclusion: Obamacare will significantly increase premiums,” the congressional report states.

“Some estimates show some Americans facing startling premium increases of 203 percent because of the law.

“Higher healthcare premiums are the last thing single young adults and working families can afford. Yet contrary to what the president promised, that is exactly what Obamacare is projected to do.”

When Obamacare’s most costly requirements go into effect in 2014, households earning as little as $46,000 a year will receive no premium assistance, yet will be forced to accept “unaffordable” premium increases, according to the report.

The Affordable Care Act will have an especially harsh impact on young Americans ages 21 to 29 — those with individual coverage will see their healthcare premium rise by an average of 189 percent.

The report points to several factors that will result in significantly higher healthcare costs for Americans:

The report notes that a number of states have already imposed requirements on health coverage and the result has been fewer choices and higher premiums.
Read More Here: http://www.newsmax.com/newswidget/obamacare-healthcare-reform-costs/2013/03/20/id/495564?promo_code=1233D-1&utm_source=1233DWtsair&utm_medium=nmwidget&utm_campaign=widgetphase1













 



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