Opinion piece and while Kessler has very impressive credentials in health care policy he's having fun with numbers and words. In one example, he has premiums for small groups increasing as much as 18% in another he has premiums increasing over 80%__apples and oranges perhaps? How many US dollars is 400% of the US Poverty level Carol? Why would the esteemed professor use such a description to state a persons income.Wall Street Journal
April 29, 2013
The Coming Obamacare Shock
Single adults age 21-29 earning 300% to 400% of the federal poverty level will be hit with an increase of 46% even after premium assistance from tax credits.
An estimated 10 million people, approximately two-thirds of the market that is low- or average-risk, will see higher insurance bills for 2014.
Three million people will lose their insurance altogether in 2014 and six million will have to pay the individual-mandate tax penalty in 2016 because they don't want or won't be able to afford coverage even with the subsidies.
Younger, healthier workers will see very large increases in premiums: 89% in Missouri, 91% in Indiana and 101% in Nevada.
Employees whose employers have to pay a tax penalty because their policies do not carry sufficiently generous insurance will see their wages fall. Others will lose their jobs or see their hours reduced.
It appears that there will be 30 million to 40 million people damaged in some fashion by the Affordable Care Act—more than one in 10 Americans.
We'll hear about innocent victims who saw their premiums skyrocket, who were barred from seeing their usual doctor, who had their hours cut or lost their insurance entirely — all thanks to the faceless bureaucracy administering a federal law.
When that reality becomes clearer, the law is going to start losing its friends in the media.
Anyone on the left ready to say "uncle"?
Health care premiums have been increasing every year babe particularly since the mid 1990's.