Obamacare: Premiums to skyrocket 88% in Ohio… $2,000 deductible!
Obamacare: Is a $2,000 deductible ‘affordable?’
States are starting to roll out details about the exchanges, providing a look at just how affordable coverage under the Affordable Care Act will be. Some potential participants may be surprised at the figures: $2,000 deductibles, $45 primary care visit co-pays, and $250 emergency room tabs.
Those are just some of the charges enrollees will incur in a silver-level plan in California, which recently unveiled an overview of the benefits and charges associated with its exchange. That’s on top of the $321 average monthly premium.
Obamacare Rate Shock: Premiums to Skyrocket 88% in Ohio
The Ohio Department of Insurance predicts premiums in 2014 will rise by 88 percent, a direct result of President Obama’s Patient Protection and Affordable Care Act.
The average cost of insurance premiums will stand about $420, “representing an increase of 88 percent” compared to 2013, the department reported, Forbes said.
The Obamacare Boom: How Freaking Out About Health Care Spurs Economic Growth
Some economists and politicians have pushed the idea that Obamacare is leading to increased uncertainty in the business world and that this uncertainty is preventing business leaders from investing. I have pooh-poohed this idea as being both ridiculous on its face – there are many more serious sources of uncertainty than health policy – and as being inconsistent with the data – business investment is one the strongest parts of the economy.
WSJ/NBC poll: ObamaCare now more unpopular than ever
The poll shows 49 percent of Americans say they believe the Affordable Care Act is a bad idea. That’s the highest number recorded on this question since the poll began measuring it in 2009. Just 37 percent say the plan is a good idea.
As the political battle over implementation of the law heats up in Washington, the numbers mark an increase in unpopularity since July 2012, right after the U.S. Supreme Court upheld Obama’s overhaul. Back then, 44 percent of NBC/WSJ poll respondents called it a bad idea, vs. 40 percent who called it a good one.