Individual Health Insurance Policy will Increase 100% under OBAMACARE

The House Energy and Commerce Committee has released a report, based on internal documents from 17 insurance giants, including Aetna, Blue Cross, and Kaiser Foundation.

The report found that individuals will face “premium increases of nearly 100 percent on average, with potential highs eclipsing 400 percent. Meanwhile, small businesses can expect average premium increases in the small group market of up to 50 percent, with potential highs over 100 percent.”

One company said that new participants in the individual market could see a premium increase of 413 percent when new requirements on age rating and required benefits are taken into account, said the report. “The average yearly cost for a new customer in the individual market grows from $1,896 to $3,708 — a $1,812 cost increase,” it added.

But that’s just the average. Some people will see price spikes of over 400 percent. The reason is that millions of uninsured people, many with expensive preexisting conditions, are being added to the insurance pool.

The bottom line is that the government is mandating one-size-fits-all coverage that pays for every condition, from pregnancy to drug rehab, even if the buyer doesn’t want or need it.

Get a copy of the report: http://energycommerce.house.gov/sites/republicans.energycommerce.house.gov/files/analysis/insurancepremiums/FinalReport.pdf

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Published in: on May 21, 2013 at 8:14 am  Leave a Comment  
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