10 1 / 2013
Health Insurance rate hikes? Why so surprised?
This is my problem with everyone just blindy supporting healthcare reform and all its faculties: the law of unintended consequences.
First of all, lets be clear, yes I support healthcare reform. Obviously, I support healthcare reform, I spend 90+ hours plus a week on health care reform.
However; in August I learned that the ACA included federal mandates on what insurance companies had to cover under a minimum insurance policy. Since some states had already done this (aka Romney Care) <—- yes, I voted for him but it pissed me off that he pretended that Romney Care was a success when its mandates resulted in the highest state monthly premium payments for individual plans. <—- and this is specifically do to mandating insurance companies to cover certain things even if those things are maternity for MEN.
If he would have admitted that Romney Care was a failure due to the fact that it resulted in the country’s highest monthly premiums for individual plans — he would have been able to warn us of what everyone is seeing happen right now rate hikes. If he would have drawn attention to a state with the lowest mandates on coverage and therefore one of the lowest monthly premiums: Idaho: $167 he would have made people realize why the governor of that state tried signing an executive order against ACA: to save his citizens money. He knew what the mandates would do to his average: $167 —-> HIKE THEM UP!
As of September 2012:
- Massachusetts: $437
- Vermont: $401
- New Jersey: $364
- New York: $357
- Rhode Island: $344
- Alabama: $136
- California: $157
- Arkansas: $163
- Idaho: $167
- Delaware: $173
Credit to cakehealth for these numbers.