Premiums Doubled Under Obamacare
Highlights of the report found:
- Premiums for individual market coverage have increased significantly since the Affordable Care Act’s key provisions have taken effect, but most estimates have focused on annual increases and have not captured the comprehensive increase in premiums since 2013, and thus do not accurately capture the ACA’s true effect.
- Comparing the average premiums found in 2013 MLR data and 2017 CMS MIDAS data shows average exchange premiums were 105% higher in the 39 states using Healthcare.gov in 2017 than average individual market premiums in 2013. Average monthly premiums increased from $232 in 2013 to $476 in 2017, and 62% of those states had 2017 exchange premiums at least double the 2013 average.
Coupling this report with the following information from yesterday’s DOJ press release, goes to show the total disaster of Obamacare. Fraudsters seem to have been the key beneficiaries…
The Fraud Section leads the Medicare Fraud Strike Force. Since its inception in March 2007, the Medicare Fraud Strike Force, now operating in nine cities across the country, has charged nearly 3,000 defendants who have collectively billed the Medicare program for more than $11 billion.
That’s right, in just nine cities this task force has uncovered $11 billion in fraud with almost 3,000 suspected fraudsters since 2007!