ObamaCare survived … so did the higher (and increasing) premiums we all pay.
Previously, we posted: Here’s the main reason why YOUR health insurance premiums have gone up.
We just ballparked the premium impact of “guaranteed issue” to folks with pre-existing conditions (about 27% increase in premiums attributable to guaranteed issue)
Below is a more complete analysis compiled The Daily Signal …
Headline: “Obamacare Regulations Drove Up Premium Costs By Up to 68%.”
The biggest chunk is, in fact, attributable to guaranteed issue … which the DS pegged between 15% and 30%.
Our prior observation: almost everybody agrees that people with pre-existing conditions should be able to get coverage … but virtually no one realized that they were paying (much) higher premiums to provide that “social good” … especially since they were told that their premiums would go down by $2,500.
A couple of other notable conclusions …
1) The EHBs – the controversial “Essential Health Benefits” mandated into all policies – increased premiums by about 8%.
2) “Community Rating” – which equalized premiums for men & women and contained old folks’ premiums – really increased premiums for the under 35 crowd by 19% to 30.
No wonder the young healthies were reluctant to sign up.