But wait – I thought premiums were going to go down $2500? Oh, that’s just for Congresspeople, I guess. See the chart nearby for the amount of butt-hurt coming to your neck of the woods.
For months now, we’ve been waiting to hear how much Obamacare will drive up the cost of health insurance for people who
purchase coverage on their own. Last night, the U.S. Department of Health and Human Services finally began to provide some data on how Americans will fare on Obamacare’s federally-sponsored insurance exchanges. HHS’ press release is full of happy talk about how premiums will be “lower than originally expected.” But the reality is starkly different.
Based on a Manhattan Institute analysis of the HHS numbers, Obamacare will increase underlying insurance rates for younger men by an average of 97 to 99 percent, and for younger women by an average of 55 to 62 percent. Worst off is North Carolina, which will see individual-market rates triple for women, and quadruple for men.
Yes, the economy-reviving plans of Wile E. Obama and the ACME Economic Destruction Co. are going exactly according to plan.