Higher Premiums: Requiring insurance plans to have certain benefits inevitably raises the cost of providing insurance, which is passed onto policyholders. Regence Blue Cross/Blue Shield in Oregon cited Obamacare for 3.4% of its 17.1% rate increase, while Celtic Insurance Company of Wisconsin and North Carolina said half of its 18% rate jump was because of Obamacare mandates.
Dropped Child-Only Plans: Obamacare’s requirement that insurers who sell child-only plans offer coverage without considering pre-existing conditions had unintended consequences. Insurers in at least 34 states have dropped child-only insurance plans, and 20 states no longer have child-only plans sold in their insurance marketplaces.
Will I Get to Keep My Plan? Despite assurances that health insurance plans wouldn’t change, there have been several reports of confusion and inconsistent rulings regarding the “grandfathering” status for current Then this article goes on...health plans. The federal government has enormous power to arbitrarily select policies it deems in violation of the law. So far, the Administration has estimated that anywhere from half to 80% of small-employer plans, up to 67% of large-employer plans, and up to 67% of individual plans won’t be grandfathered in by the end of 2013."
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