The "Affordable Care Act" Will Be Anything But Affordable For Many
Daniel Kessler writes in the WSJ that it appears that 30 to 40 million Americans will be damaged in some way by the "Affordable" Care Act -- more than one in 10 Americans:
According to consultants from Oliver Wyman (who wrote on the issue in the January issue of Contingencies, the magazine of the American Academy of Actuaries), around six million of the 19 million people with individual health policies are going to have to pay more--and this even after accounting for the government subsidies offered under the law. For example, 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.Determining the number of individuals who will be harmed by changes to the small-group insurance market is harder. According to the Medical Expenditure Panel Survey, conducted by the Department of Health and Human Services, around 30 million Americans work in firms with fewer than 50 employees, and so are potentially affected by the small-group "reforms" imposed by ObamaCare.
Around nine million of these people, plus six million family members, are covered by employers who do not self-insure. The premium increases for this group will be less on average than those for people in the individual market but will still be substantial. According to analyses conducted by the insurer WellPoint for 11 states, small-group premiums are expected to increase by 13%-23% on average.
This average masks big differences. While some firms (primarily those that employ older or sicker workers) will see premium decreases due to community rating, firms with younger, healthier workers will see very large increases: 89% in Missouri, 91% in Indiana and 101% in Nevada.







With all due respect, it never was meant to be affordable, it was designed to give all insurance, so those who have insurance will overpay, and those who don't will be forced to pay. Once all have insurance, the affordable part may be thought about being implemented.
Stinky the Clown at April 30, 2013 6:11 AM
The coming bloodbath for the Democratic Party is going to be most entertaining.
roadgeek at April 30, 2013 7:20 AM
It seems that much of what this government is doing can be described as doublespeak:
the jobs council - wasn't
shovel ready jobs - weren't
affordable health care - isn't
most transparent gov. - eh
Stinky the Clown at April 30, 2013 7:45 AM
"It seems that much of what this government is doing can be described as doublespeak."
Yep. It comes from the people who read 1984 and thought it was an instruction manual.
Cousin Dave at April 30, 2013 11:00 AM
It will happen, but Congress will have to not do a thing to stop any of the Obamacare fuckups in 2016.
What I would like to see is that tax day was November 1. Then let's see the election results.
Jim P. at April 30, 2013 7:33 PM
The coming bloodbath for the Democratic Party is going to be most entertaining
Their true believers will find a way to excuse the issues like they always do. The other side won't vote for them anyway. The middle is numb and isn't paying attention; they're staring at Kim Kardashian's ass - the bread and circuses effect. In short, there will be no bloodbath for the Democratic Party, satisfying as that would be.
Even if there were, there's no practical difference between the Jackass Party and the Elephant Party, so we're just going to get more of the same anyway, no matter who's in the majority. At least the Dems admit they're going to screw you. The Republicans are hypocrites who talk a small-government, responsible-spending game and then govern like drunken Democrats.
Grey Ghost at May 1, 2013 5:42 AM
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