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Young Women O-Care Premiums To Increase 200%

From the Washington Free Beacon:

Study: Average Premiums for Young Women to Increase 193%

By Elizabeth Harrington | October 23, 2013

Healthy young women will see their premiums rise by an average of almost 200 percent under Obamacare, with increases occurring in all 50 states and the District of Columbia, according to a new study.

So Kirsten Powers is not alone.

Earlier this month, the American Action Forum released an analysis that found the average 30-year-old male nonsmoker would see his premiums rise 260 percent.

Using the same metrics, the organization found that the Affordable Care Act (ACA) would be just as harsh on women trying to purchase bronze level plans, the cheapest insurance available in the marketplace.

“All 50 states and the District of Columbia saw insurance rate increases, with 42 of those states experiencing triple digit percentage increases in premiums for the lowest-priced coverage,” the study said. “Pre-ACA premiums for a 30-year-old nonsmoking woman average $74.49 monthly, while post-ACA premiums average $188.72 per month, a $114.23, or 153 percent, increase.”

Overall, states averaged a 193 percent increase in premiums for 30-year-old female nonsmokers.

The American Action Forum, a center-right policy institute led by Douglas Holtz-Eakin, the former director of the Congressional Budget Office, compared premiums across the country in 2013 to rates under the federally and state run exchanges in the heath insurance marketplace.

How can a think tank run by a man who used to run the famously ‘non-partisan’ CBO ever be partisan?

Similar to their previous study, the organization found that even with subsidies, young women would likely forego health insurance since the penalty for being uninsured is much cheaper than the premiums in the marketplace…

For example, a woman earning $31,597.50 would receive a 23 percent subsidy, totaling $653. However, her yearly premium would still be $2,186, compared to the $218.47 penalty she would incur in 2014 for not having insurance.

“For our hypothetical female subject, any salary above $36,052, or about 314 percent of [the federal poverty line] FPL, would preclude her from receiving premium subsidies,” the study said. “It is at this level that our subject must pay the full amount for a bronze level insurance plan. Without any premium subsidies, our subject is expected to pay $236.58 per month for her coverage.” …

So now the cut off for subsidies is now down to $36,000?

“Both young men and young women, faced with exploding premiums, are likely to forego coverage in favor of paying the individual mandate penalty, as the costs of subsidized coverage in some instances are 10 times more than the penalty,” the study said…

Unless they can be hoodwinked into it by the Obama propaganda machine.

This article was posted by Steve on Friday, October 25th, 2013. Comments are currently closed.

One Response to “Young Women O-Care Premiums To Increase 200%”

  1. GetBackJack says:

    I see an All-Women Exemption coming down the pike. Then All Minorities.

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