So, Ohio, how do you like President Obama now that you have had 2 1/2 years of him in the Oval Office? The Buckeye State turned blue for him in 2008, as the majority of voters bought into his mantras of hope and change and yes we can. The centerpiece of his domestic policy is Obamacare and now a new study shows that 790,000 Ohioans will lose their private health insurance and premiums will rise 55%-85% when Obamacare takes full effect in 2014.
The Ohio Department of Insurance commissioned a study by Milliman Inc. of Seattle on what to expect from Obamacare, National Underwriter reported.
From National Underwriter: “The number with some kind of individual commercial coverage could increase to 7.4%, or 735,000, from 350,000. The percentage with some kind of government coverage, or coverage provided by a private insurer but paid for in whole or in part by the government, could increase to 31%, from 20% in 2010. Although the percentage of residents with coverage could rise by about 7.9%, the price of individual health insurance coverage might rise about 55% to 85%, excluding the impact of medical inflation, the Milliman consultants predict.”
That 55% increase in people getting Medicaid or other government subsidies will be paid by who? The people who will be socked with premium increases of 55%-85%.
As Bruce Kessler wrote: “Then add in the additional taxes within and caused by ObamaCare. High price to pay, huh. Hope there’s any Change left in pockets.”
Bumped from 9 AM.
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