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A GAO report has found that heath insurance premiums will skyrocket next year when Obamacare takes effect.

Finding out what’s in it: A GAO report has found that heath insurance premiums will skyrocket next year when Obamacare takes effect.

Starting next year, a 30 year-old earning $35,000 per year would have to pay $2,739 annually for a cheap “bronze plan” on the new health insurance exchanges, even after receiving subsidies, according to the Kaiser Family Foundation’s subsidy calculator. That’s more expensive than any state in the current system, and seven times more expensive than in the cheapest state, Nebraska, where premiums are currently as low as $349 annually.

Even an otherwise comparable 30 year-old earning $25,000 next year, who would qualify for more generous Obamacare subsidies, would have to pay $1,142 annually for a “bronze plan.” That’s still more expensive than current cheap rates in 45 states, and double the current cost in 19 states.

The article has a fascinating table outlining the minimum cost for healthcare in all fifty states. Not surprisingly, in the states that have Obamacare-type regulations, such as Massachusetts and New York, the cost for heathcare is far higher.

Genesis cover

On Christmas Eve 1968 three Americans became the first humans to visit another world. What they did to celebrate was unexpected and profound, and will be remembered throughout all human history. Genesis: the Story of Apollo 8, Robert Zimmerman's classic history of humanity's first journey to another world, tells that story, and it is now available as both an ebook and an audiobook, both with a foreword by Valerie Anders and a new introduction by Robert Zimmerman.

 
The ebook is available everywhere for $5.99 (before discount) at amazon, or direct from my ebook publisher, ebookit. If you buy it from ebookit you don't support the big tech companies and the author gets a bigger cut much sooner.


The audiobook is also available at all these vendors, and is also free with a 30-day trial membership to Audible.
 

"Not simply about one mission, [Genesis] is also the history of America's quest for the moon... Zimmerman has done a masterful job of tying disparate events together into a solid account of one of America's greatest human triumphs."--San Antonio Express-News

2 comments

  • wodun

    That is a lot considering it is the cost including subsidies.

  • Does that really mean the cost in Nevada would jump from $349 to $2,739??? Perhaps that $2,739 is just the average over the entire country and it wouldn’t be that high in Nevada?

    Bob Clark

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