Regulatory Burdens of Obamacare: The Poor Pay More
Jun 25, 2013 6:45:30 GMT -5
Post by popcorn on Jun 25, 2013 6:45:30 GMT -5
Regulatory Burdens of Obamacare: The Poor Will Pay More 
It is becoming increasingly apparent that the Patient Protection and Affordable Care Act is going to make health care unaffordable to a shockingly large number of poor people—many of them single and childless. This should come as no surprise, though: The burden of regulation falls all too often disproportionately on the relatively poor, especially the working poor—the very people this law was supposed to help. Obamacare, sadly, is merely the latest and most painful hit from the regulatory onslaught of Washington, diverting resources that could be better used to address larger and more immediate risks.
For example, the Ohio Department of Insurance recently announced an average expected jump of 88 percent in individual-market health insurance premiums as “consumers have fewer choices and pay much higher premiums for their health insurance starting in 2014,” according to a statement by Ohio Lt. Gov. Mary Taylor. This sobering statement comes hard on the heels of calculations by Manhattan Institute analyst Avik Roy showing that premiums in California’s individual market are set to almost double next year
read more:
www.theblaze.com/contributions/regulatory-burdens-of-obamacare-the-poor-will-pay-more/
It is becoming increasingly apparent that the Patient Protection and Affordable Care Act is going to make health care unaffordable to a shockingly large number of poor people—many of them single and childless. This should come as no surprise, though: The burden of regulation falls all too often disproportionately on the relatively poor, especially the working poor—the very people this law was supposed to help. Obamacare, sadly, is merely the latest and most painful hit from the regulatory onslaught of Washington, diverting resources that could be better used to address larger and more immediate risks.
For example, the Ohio Department of Insurance recently announced an average expected jump of 88 percent in individual-market health insurance premiums as “consumers have fewer choices and pay much higher premiums for their health insurance starting in 2014,” according to a statement by Ohio Lt. Gov. Mary Taylor. This sobering statement comes hard on the heels of calculations by Manhattan Institute analyst Avik Roy showing that premiums in California’s individual market are set to almost double next year
read more:
www.theblaze.com/contributions/regulatory-burdens-of-obamacare-the-poor-will-pay-more/