The True Price of Obamacare
Washington, DC, March 8, 2013
Tags: Health Care
A joint, bicameral report released this week by Congressional Republicans outlines estimated increases in health care premiums for some Americans, specifically young adults and the middle class, when major provisions of President Obama’s health care law go into effect next year. Analysis from the report projects an increase in Ohio health care premiums between 55 to 106 percent.
The report points to several provisions within the Obamacare that will place upward pressure on premiums, including the $165 billion in new taxes and fees on health plans, drug manufacturers, and device makers. Along with Ohio, 12 other states could see premiums double in the individual market. We need common-sense health care solutions, not a one-size fits all government mandate.