AFP Reacts to ACA's Impact on Health Care Premiums
Arlington, Va. – Today Americans for Prosperity, the nation’s foremost grassroots advocate for health care freedom, reacted to a recently-released University of Minnesota report stating that the Affordable Care Act is going to lead to higher insurance costs for millions of Americans.
The report found that the Affordable Care Act will fail to achieve its objective of reducing the number of uninsured Americans, and that substantial price increases will put the ACA on an untenable track. The average national cost of a silver health care plan on the health insurance exchanges is expected to increase by $1,375 for individuals and by $4,198 for families within the next 5 years.
AFP President Tim Phillips said the following: “The President and his allies in Congress assured Americans that ObamaCare would be the solution to quality, affordable health care. Instead, ObamaCare has wreaked havoc on the lives of millions of Americans nationwide by leading to cancelled plans, lost access to trusted doctors, and skyrocketing insurance premiums.
“Many families are already struggling to manage their household budgets, and ObamaCare is making life less affordable. President Obama and Congress can either continue to force Americans down the costly, unsustainable path to big-government health care, or they can put families first and admit that ObamaCare is doing much more harm than good.”
Health insurers in several states are already proposing double-digit premium hikes to go into effect next year for ObamaCare enrollees:
Arizona - Cigna wants to increase insurance rates an average of 14.4 percent, and Humana wants to increase insurance rates an average of 25.5 percent. (The Arizona Republic, 6/2/14)
Ohio – The Ohio Department of Insurance will raise insurance rates 13 percent. (The Cincinnati Enquirer, 5/29/14)
Vermont – Blue Cross Blue Shield wants to increase insurance rates an average of 9.8 perecnt, and MVP Health Care wants to increase insurance rates an average of 5.4 percent. (Associated Press, 6/3/14)
Virginia – Anthem HealthKeepers want to increase insurance rates an average of 8.5 percent. (WSJ, 5/11/14)
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