Effect of Obamacare on insurance premiums

Published: April 28, 2013
Advertisement
;

Cal Hobson (Your Views, April 14) wrote that U.S. Sen. Tom Coburn, R-Muskogee, made inaccurate claims regarding the effect of Obamacare on health insurance premiums. Coburn had said he believed health insurance premiums would double next year when Obamacare took affect. Hobson interpreted a report by the Society of Actuaries to indicate the annual increase in health insurance premiums to be 7.9 percent over the next four years. The affect of Obamacare has already influenced my health insurance premiums, which were renewed the first of April. My premium went up 18 percent over last year's premium. Additionally my agent informed me that because I'll be turning 55, my premium will increase 15.3 percent in September of this year; new with Obamacare. This computes to an annual premium increase of 36 percent.

My agent also informed me that next April my premium is expected to increase an additional 25 to 30 percent to accommodate Obamacare. This is just a guess because the government still hasn't totally defined the Obamacare rules and regulations. So after the estimated increase next year, my insurance will increase 70 to 78 percent, which isn't far from the 100 percent Coburn stated.

David O'Daniell, Oklahoma City


Trending Now


AROUND THE WEB

  1. 1
    'Maze Runner' finds way to box office victory
  2. 2
    The first games that show off iOS 8's graphics are available for download
  3. 3
    Morrison grabs second half winner to hand his side all three points
  4. 4
    Foxes launch comback to secure stunning victory
  5. 5
    WATCH LIVE: Thousands Take To The Streets For The People's Climate March
+ show more