Paul Bedard writes the “Washington Whispers” column in the Washington Examiner. What he found out about insurance costs in Tennessee is frightening.
The White House on Wednesday released a report on the costs of Obamacare for most Americans, heralding its interpretation that 95 percent of the nation will be able to buy health insurance premiums below “earlier projections.”
But note the words “earlier projections.” That doesn’t mean that the insurance Americans will have to buy, or be fined, under Obamacare will be cheaper than what they pay today, before Obamacare kicks in.
We know this because at the same time the White House was releasing its broad study, Tennessee Sen. Lamar Alexander released his analysis of the report’s portion on his state. He found that Obamacare will cost far more than what many of his constituents are paying today, some by as much as 190 percent.
From his release:
— Today, a 27-year-old man in Memphis can buy a plan for as low as $41 a month. On the exchange, the lowest state average is $119 a month — a 190 percent increase.
— Today, a 27-year-old woman in Nashville can also buy a plan for as low as $58 a month. On the exchange, the lowest-priced plan in Nashville is $114 a month — a 97 percent increase. Even with a tax subsidy, that plan is $104 a month, almost twice what she could pay today.
— Today, women in Nashville can choose from 30 insurance plans that cost less than the administration says insurance plans on the exchange will cost, even with the new tax subsidy.
— In Nashville, 105 insurance plans offered today will not be available in the exchange.
Said the Republican senator, “Why should a 27-year-old male in Memphis be forced to pay nearly three times more than what he pays today for health insurance? Why should a young woman in Nashville have to pay twice as much? This isn’t what President Obama promised Tennesseans, but it’s what he’s giving them — higher costs and less choice — that are two of the most urgent reasons Obamacare must be repealed and our health care system fixed.”
If you didn’t feel sick before, you probably will after you get your adjusted insurance rates.