Insurance Hikes to Outstrip Subsidies


“Neutral observers and even supporters of the law project some individuals and small businesses will see their premiums double. A survey of insurers reports some consumers will see their premiums triple. Supporters believe tax credits and subsidies will leave consumers numb to these higher premiums. But the American Academy of Actuaries estimates millions of Americans — including 80 percent of twentysomethings and a third of those 30 and older who purchase their own coverage — will pay more even after the subsidies. The insurance industry has launched a public relations effort to convey these premium hikes are the law’s fault, not theirs. Even supporters like Democratic strategist Donna Brazile have experienced a rude awakening.”


 Obamacare: More vulnerable than supporters care to admit


Michael F. Cannon is director of health policy studies at the Cato Institute and author of “50 Vetoes: How States Can Stop the Obama Health Law,” published today by the Cato Institute.


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