October 20, 2014
Even though President Obama has delayed the open enrollment period for Obamacare until after the mid-term elections, word is starting to leak out about how much those premiums will rise — and it isn’t pretty.
One report says subscribers to the the Obamacare “bronze” plan — the cheapest healthcare offering under the Affordable Care Act — could jump nearly 14 percent in price.
In its analysis, Investor’s Business Daily reports that 40-year-old non-smokers earning 225 percent of the poverty level face a 13.9 percent hike. The analysis catalogued expected prices for the largest 15 cities in the nation, including Washington, D.C..
Bronze subscribers in Seattle will see the largest spike, with their premiums jumping by 64 percent, from $60 to $98 per month. In Providence, R.I., the plan cost is expected to soar from $72 to $99 per month, from $88 to $111 in Los Angeles, $100 to $122 in Las Vegas, and $97 to $114 in New York, according to the Washington Times.
Last year, when Obamacare debuted, the exchange opened for business on Oct. 1. This year, the exchange won’t open until Nov. 15 — 11 days after the mid-term elections. Republicans say the move is designed to hide the bad news coming in higher premiums.
“This is more than just a glitch,” said Tim Phillips, president of the free market group Americans for Prosperity, in a statement. “The administration’s decision to withhold the costs of this law until after Election Day is just more proof that Obamacare is a bad deal for Americans.”
Still, people across the country are already receiving cancelation notices from their health care providers. A wave of such notices went out last week in Colorado, a state with a tight Senate race. More than 22,000 Coloradans received cancelation notices in the last month — and nearly 193,000 more will lose their policies at the end of 2015, the Times reported.
In all, more than half a million people in the state have lost their insurance. And the scene is being replayed in states across the country.
This article was posted: Monday, October 20, 2014 at 6:35 am