Although the Obama Administration and the U.S. Department of Health and Human Services (HHS) are claiming that rates under Obamacare will be less than originally predicted, there’s a growing amount of evidence that your healthcare costs are going to skyrocket.
The Manhattan Institute did an exhaustive analysis of HHS numbers and found that nationwide, costs for young men will go up by an average of 97 to 99 percent, and for young women by 55 to 62 percent. Those figures vary from state to state, with North Carolina being the scariest: rates for women will triple, and for men will quadruple.
You can read a detailed analysis here.
And, if you’re interested in finding out exactly how much your rates will increase (and brave enough to do so), the Institute published an interactive chart, which you can access by clicking here.
But the report’s conclusion is this: “Obamacare makes insurance less affordable. For months, we’ve heard about how Obamacare’s trillions in health care subsidies were going to save America from rate shock. It’s not true. If you shop for coverage on your own, you’re likely to see your rates go up, even after accounting for the impact of pre-existing conditions, even after accounting for the impact of subsidies.”