Obamacare Exchange Brings High Healthcare Costs to Ohio

Mary McCleary, VP for Policy at Opportunity Ohio, tell us health care is going to cost a lot more under Obamacare. The group who gave majority support to Obama is now receiving thanks for their vote of trust. Yes, it is the young voter who will be paying much more for their health care insurance than other groups, according to McCleary.

“Young adults are expected to experience the biggest increase in premiums. According to research performed by Jason Hart of Media Trackers, monthly premiums for non-­‐smoking 21-­‐year-­‐old females will increase 168 percent. Similarly, insurance rates for non-­‐smoking 21-­‐year-­‐old males will increase 203 percent through the Obamacare exchange.”

On healthcare.gov, you will see five levels of health care coverage, but you will have to dig though multiple layers of links and pages to find it. Once you do, you will see the five levels of coverage, which are catastrophic, bronze, silver, gold and platinum. Policyholders of platinum will pay 10%, gold 20%, silver 30%, bronze 40%, and catastrophic over 40% of their medical expenses. Also listed on the website are the various insurance companies and their related plans.

While the average gold plan for a family of four will cost $12,446/yr, the most expensive catastrophic family plans ($8,000) are available in 11 of Ohio’s poorest counties in Southern Ohio.

According to McCleary, most Ohioans will likely receive a premium subsidy that will lower their monthly premium.

“In spite of the higher prices in poor areas of the state, those with “low” incomes will receive subsidies to help defer the cost of their premiums. An individual earning up to $45,960 will be eligible for a subsidy as will a family of four whose household income is less than $94,200. Considering that Ohio’s median household income in 2012 was $44,375, most Ohioans should receive subsidies for the healthcare they purchase through the exchange.”

While many may pay less because of subsidies, McCleary’s claim is that health care will cost more than before under Obamacare.

As a footnote, the purpose behind Gov. Kasich’s efforts to expand Obamacare is to expand the range of lower cost coverage for Ohioans. His tactics may appear criminally unconstitutional but his purpose is worthy of note.

To read Mary McCleary’s entire article by visiting http://www.opportunityohio.org.

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