Obamacare will increase Premiums by 24% in 13 States

While many states have yet to weigh in on the exact cost of  the Affordable Care Act (Obamacare) insurance premiums, but thirteen states plus DC will see their premiums rise by 24 percent on average.

I guess American citizens can afford 24 percent increases to their insurance premiums while their pay raises have been lagging every year since Obama care was passed.

Forbes has provided an  interactive, state-by-state map, where one can find how Obamacare will affect insurance rates where you live. Forbes says the results may surprise you.


The relevant Obamacare insurance filings are still unavailable in 37 states

Rate-MapIn less than four weeks—on October 1, 2013—Obamacare’s subsidized insurance exchanges are supposed to be fully on-line. But as of today, the relevant governmental agencies have only made public the insurance carrier filings for 13 states and the District of Columbia. In other words, we’re still waiting for important information on health insurance premiums from nearly three-fourths of the states.

As of September 4, the bulk of the data we have is from the subset of Democratic-leaning states that decided to set up their own insurance exchanges, instead of letting the federal government do so on their behalf. (Of the 13 states plus D.C. for which we have the required data, all but one—South Dakota—voted for President Obama in the 2012 election.)

We will be adding information to the map from the remaining states as they come on-line; Congressional sources inform me that Health and Human Services Secretary Kathleen Sebelius intends to release the data for the states participating in the federal exchange on September 19.

Most states are seeing rate hikes; some will see reductions

While these mostly-blue states will see an average premium increase of 24 percent, the impact of Obamacare is highly variable. Nine of the states will see increases on average, and five will see decreases on average. New Mexico, Vermont, South Dakota, and Connecticut will see the steepest rate hikes: on average, 130, 97, 83, and 59 percent, respectively. Four states will see meaningful declines in rates: Maine (71 percent), Colorado (34 percent), Ohio (30 percent), and New York (27 percent).

Read More at  – Forbes.