Saturday, October 25, 2014

Obamacare has raised non-group premiums in most states


“We’ll lower premiums by up to $2,500 for a typical family per year. . . . We’ll do it by the end of my first term as president of the United States” Barack Obama, a campaign promise made many times.

A new study from the well-respected and non-partisan National Bureau of Economic Research (and published by Brookings Institution), overcomes the limitations of these prior studies [projections] by examining what happened to premiums in the entire non-group market. The bottom line? In 2014, premiums in the non-group market grew by 24.4% compared to what they would have been without Obamacare.  Of equal importance, this careful state-by-state assessment showed that premiums rose in all but 6 states (including Washington DC).

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