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The bureaucrats fumbling their way through Obamacare have come up with complicated formulas to decide how much each of us will pay for Obamacare, once the mandate forces us to comply. The formulas have not been released, having been kept secret for some reason.
But some people have sat down and gone through the Federal and State exchanges to find the rates required for a young person, an older person, and a family of four, for each state.
Most people in most states will see large increases. A few will see decreases.
Click on the attached thumbnail of a table of average rates under the old system, and rates from the Obamacare Exchanges you are now required to pay (or face stiff penalties).
Our rates for monthly premiums will DOUBLE to $994 monthly, our deductible for individual will go up $1750 and for family max, $2000 to $12000.
We could spend $24000 annually before we saw any benefits. Last year, our family medical expenses, including insurance premiums was about $8000.
Guess who's not going to be insured any longer? My family. No subsidy for us but no possible way I can afford to do this (and I wouldn't even if I could).
Some state-based exchanges have data releases that are more limited than the 36 federal exchanges. For state exchanges, some premiums must be estimated. As is the case with all studies built to address the changes in exchange premiums, it is important to note that when more data becomes available, results could vary slightly.
This study considers the data as released by HHS. States with little data released are omitted from this study.
Individuals in most states will end up spending more on the exchanges. It is true that in some states, the experience could be the opposite. This is because those states had already over-regulated insurance markets that led to sharply higher premiums through adverse selection, as is the case of New York. Many states, however, double or nearly triple premiums for young adults. Arizona, Arkansas, Georgia, Kansas, and Vermont see some of the largest increases in premiums.
Obama's hipster voters in all but a few states are getting so screwed if they are one of the lucky few who have found a decent job. However in my state the premium for family of 4 is almost $2,000 a month. That is unbelievable and it is supposed to be based on actual reports. I hope they are right and it is an error because that is equivalent to over half a teacher's before taxes salary or about 2/3 of their after tax income.
Obama's hipster voters in all but a few states are getting so screwed if they are one of the lucky few who have found a decent job. However in my state the premium for family of 4 is almost $2,000 a month. That is unbelievable and it is supposed to be based on actual reports. I hope they are right and it is an error because that is equivalent to over half a teacher's before taxes salary or about 2/3 of their after tax income.
Teachers' insurance costs are paid by taxpayers.
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