Cristy Li

What the Obama Administration Didn’t Tell You About ObamaCare Exchange Plans –Heritage Foundation

(Washington Examiner) The Obama Administration today, released a report on the costs of ObamaCare for most Americans, heralding its interpretation that 95% of the nation will be able to buy health insurance below earlier projections.

Note the words “earlier projections” that does not mean that the insurance that Americans will have to purchase or be fined, under ObamaCare will be less expensive than what one pays today before ObamaCare takes effect.

We know this because at the same time the Obama Administration was releasing their broad study, Tennessee Senator Lamar Alexander released his analysis of the report’s portion on his state Sen Alexander found that ObamaCare will cost far more than what many of his Constituents are paying today–some by as much as 190%

From Sen. Alexander’s release:

• Today a 27 year old man in Memphis can purchase a health care plan for as low as $41 per month. On the ObamaCare exchange the lowest state’s average is $119 per month a 190% increase.

• Today a 27 year old Woman in Nashville can purchase a health care plan for as low as $58 per month. On the ObamaCare exchange the lowest priced plan is $114 per month a 97% increase–even with a tax subsidy that plan is $104 per month, almost twice what she can purchase it for today.

On the 31 May, I wrote here that the ObamaCare/Covered California exchange will in fact increase individual market premiums by as much as 146% One of the most serious flaws with ObamaCare is the blizzard of new regulations and mandates that drive up the cost of insurance for people who buy it on their own–this problem will be especially acute when the law’s main provisions kick in on the 01 January, 2014 leading many to worry about a health insurance ‘rate shock.’

In Nashville, 105 insurance plans offered today will be unavailable in the ObamaCare exchange.

In California, the Los Angeles Times reported earlier this month that insurers in the new ObamaCare/Covered California exchange are limiting choices, raising concerns that patients will struggle to get health care.

On the 22 July, I wrote here that Anthem Blue Cross has joined a growing list of other health insurance companies that will not participate in ObamaCare/Covered California exchange.

Related: Study: Yes ObamaCare Will Raise Premiums Significantly