RUTHFULLY YOURS

At the request of the Ohio Department of Insurance, benefit consultants Milliman, Inc. prepared an estimate of the impact on coverage and rates of ObamaCare when major provisions take effect in 2014.

660,000 are forecast to lose their group coverage from employers. A 735,000 increase in individual coverage is forecast. The percentage of all covered with some type of government coverage is forecast to 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.

“This is primarily driven by the estimated health status of the new individual health insurance market and the expansion of covered benefits,” the consultants say.
The new tax credits are supposed to help individuals earning less than 400% of the federal poverty level pay for coverage, but U.S. residents with incomes over 400% of the federal poverty level who are in the individual market would have to pay for the coverage out of their own pockets.

Then add in the additional taxes within and caused by ObamaCare. High price to pay, huh. Hope there’s any Change in left in pockets.

At the request of the Ohio Department of Insurance, benefit consultants Milliman, Inc. prepared an estimate of the impact on coverage and rates of ObamaCare when major provisions take effect in 2014.
660,000 are forecast to lose their group coverage from employers. A 735,000 increase in individual coverage is forecast. The percentage of all covered with some type of government coverage is forecast to 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.
“This is primarily driven by the estimated health status of the new individual health insurance market and the expansion of covered benefits,” the consultants say.
The new tax credits are supposed to help individuals earning less than 400% of the federal poverty level pay for coverage, but U.S. residents with incomes over 400% of the federal poverty level who are in the individual market would have to pay for the coverage out of their own pockets.

Then add in the additional taxes within and caused by ObamaCare. High price to pay, huh. Hope there’s any Change in left in pockets.