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The Lincoln Journal Star added to the annals of ‘If you like your plan you can keep your plan (Midwestern edition)” yesterday with a new report on the impact of ObamaCare on health insurance premiums in Nebraska. Thanks to the mandates in ObamaCare, most of the individual insurance plans offered in the past will no longer be available, whether consumers liked their plan or not. The replacements will be much more expensive, with cost hikes ranging from 21% increases to as much as 143%:
Nebraska Insurance Commissioner Bruce Ramge pointed out that a comparison of rates between Coventry and Blue Cross Blue Shield, the only companies of the four that offered rates in past years, showed that health insurance costs are going up for most Nebraskans.
Tom Gilsdorf, director of product development at Blue Cross Blue Shield of Nebraska countered: “An apples-to-apples comparison of 2013 health insurance costs to 2014 costs is virtually impossible,” he said. “Health insurance that will be sold to individuals, families and small businesses for 2014 is new and must cover a range of Essential Health Benefits that were not covered in the past.”
Lower-cost options are available to Nebraskans that are not shown in a one page 2013-to-2014 comparison sample posted by the department.
In the example, the cost of a Blue Cross Blue Shield “silver” plan covering 70 percent of health costs was $245 a month for a 30-year-old single man living in Lincoln, up 82 percent from a year ago, and for Coventry, $271.65, up 143 percent.
Family coverage in Hastings on a silver plan for a 50-year-old single mother with three children was almost $1,000, up 21 percent for Blue Cross Blue Shield and down 5 percent for Coventry, at $975.
This is what’s known as “cost control” by the Obama administration. In this case, they can’t blame Nebraska for tweaking the exchange to the disadvantage of consumers, because Nebraska is one of the states that refused to comply with ObamaCare and construct their own exchange. The prices in this case come from the federal exchange that HHS is creating in Nebraska in order to deal with the gap.
The proposed rates posted at www.doi.nebraska.gov are considered to be in draft form and are presented only as a preliminary tool for comparison. Some of the plans will be offered on the marketplace and others will be offered outside of it, according to the Insurance Department.
Today, the Center for Rural Affairs released a new report examining how Nebraska’s decision not to participate in the Medicaid expansion program as provided by the Affordable Care Act (ACA) has contributed to higher health insurance premiums compared to Iowa.
originally posted by: Metallicus
reply to post by buster2010
Rates have been hiked to pay for the added expense of the ACA.