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Survey Shows ObamaCare Sending Premiums Rising at Fastest Clip in Decades

A recent survey of 148 insurance brokers shows that ObamaCare is sending premiums rising at the fastest clip in decades.

“For the last, about, five years they’ve been doing this survey, so this was the largest percentage increase in any quarter since they’ve been doing (it),” said Scott Gottlieb of the American Enterprise Institute.

“But at 12 percent, 11 percent increase on average across all the states — that puts it at the upper end of any increase we’ve seen for decades.”

That is the national average in a survey done by Morgan Stanley. But in some states, it found rates are soaring.

“There are specific states with exorbitant increases,” Gottlieb said. “Delaware had 100 percent increase, Florida had a 37 percent increase, Pennsylvania 28 percent increase, California had a 53 percent increase in their premiums.”

Rates vary widely, often depending on the state and how highly regulated it was to begin with. Analysts, however, say the main reasons for the higher costs are not medical inflation, but rather the requirements of ObamaCare itself.

“There are certain regulations and certain requirements that had to be in there. And because of that it’s driven up the costs of these benefits,” said John DiVito of the Flexible Benefit Service Corporation, which represents hundreds of agents.Rate hikes include ten essential health benefits along with more than 20,000 pages or regulations.

The reported hikes are for the first policies issued under ObamaCare in 2014.

The Congressional Budget Office or CBO issued a report Monday saying the average premium for the silver plan this year will be $3,800, or just over $300 a month, rising to $4,400 in 2016, 15 percent below its earlier estimates in 2009.

Those early, higher estimates make costs now look better – but that does not include deductibles of as much as $5,000.

But the estimates are comforting to the White House.

White House spokesman Jay Carney says, “It shows that marketplace health care costs have gone down because premium estimates have gone down.”

The CBO also projects future premium increases over the next decade.

Insurance companies will soon have to set rates for 2015, and analysts fear reported higher costs now will mean increases next year, as well.

“They’re going to see an announcement that next year’s premium’s going to be 25 percent or maybe 50 percent higher than what they’re now paying,” says John Goodman of the National Center for Policy Analysis.

John Divito of Flexible Benefit Service Corporation said, “we’re reading studies where the rates could be 10 to 30, 40 percent higher. Again, it all depends geographically where these rates are being looked at but definitely an increase in rates.”

Scott Gottlieb, a medical doctor as well as an analyst, added, “We’ve seen insurance premiums go up quite a bit over the period in which ObamaCare started to get implemented.”

Insurance executives say the same thing. Marc Bertolini, CEO of Aetna, recently told an earning conference that he anticipates 2014 spikes of 20 to 50 percent, going as high as 100 percent in some markets.

Jim Angle currently serves as chief national correspondent for Fox News Channel (FNC). He joined FNC in 1996 as a senior White House correspondent.

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Comments (13)

  1. George Michalski Northlake says:

    All politicians should be required to enroll in Osama/Obama care.

  2. STMBO says:

    I agree with you all about this healthcare fiasco. I have “campaigned against it” since 2009. It is a shame that people are so busy trying to make ends meet that they do NOT keep track of what the government is doing TO them.
    I have friends who have no insurance and can not afford to buy it under Obamacare – even with government subsides, to help with monthly premiums, the DEDUCTIBLE is too high at $4500 – $6000 per year ! This is insanity ! Since only 28% of the eligible young people have signed up- there will be HUGE raises in premiums next year and each year as we go forward. Estimates for next year range from 25-50% increases. It will take years to reverse the damage done due to everyone due to Obamacare, if we all begin NOW. Use your power at the ballot box folks – and tell everyone the TRUTH about this law, and the person who presently occupies the white house. I won’t call him President – as he does NOT deserve that title. In my opinion, he is a disgrace to our nation !

    In addition- please look up what is going on NOW. The government is conducting a VERY intrusive census NOW -you WILL be contacted at some point, and asked very personal questions about your health conditions, where you work- what time you leave for work- when you arrive home- how much you earn, how many children you have,etc. It goes on and on and on. You are told you MUST answer all questions for EVERYONE in your household. If you refuse you are harassed, intimidated with threats of fines, and your property is trespassed over and over and over again. I KNOW because they are doing it to me. The guise is that they need this info to “help your community decide where to build schools, roads, fire depts, and hospitals”. Really ? Local, County and State governments do that.
    Big brother is HERE NOW. Look up “The American Community Survey”. The people who contact you are relentless employees of the Census Bureau and are well paid to intimidate, and harass you into compliance. Do NOT be fooled- they are under the Dept. of Commerce, and have NO legal ground to levy fines- they only have a law – unfunded . Only the Census Bureau can ask every 10 years, about who lives at your address -and only certain questions are allowed- Check the US Constitution – Article 1, Sections 2, Clause 3. Stand up to these folks- they have No authority to harass American Citizens. Lets STOP BIG BROTHER right now !

  3. Lynn M says:

    Everyone feels the same!
    Everyone knows what Obamacare is doing to the medical profession.
    Everyone knows what it’ll do to the quality, the dignity, the comprehensive healthcare we’re able to receive – when sick or simply needing a check-up.
    Everyone knows exactly how corrupt, socialistic and destructive the Affordable Care Act is.

    And ‘everyone’ knows our only voice is our VOTE. I don’t know anyone who voted for Obama – the writing was clear and obvious long before he ran for the presidency.

    Our only voice is that of our VOTE – along with enabling the actual truth/facts to be made public.
    Why (?) would anyone vote for a person with no experience, no background of integrity or accomplishments – plus, someone who publicly states ‘I want to fundamentally change America’. Everyone I know has worked hard and prospered in America. Period.

    Ayn Rand said it all to emphatically and clearly – America will become a land of ‘herd mentality’.
    It’s up to todays citizens to stand tall and vote carefully and demand that America be proud of it’s citizens again.

  4. James Waters says:

    The way Obama care got pushed through as I see it, my opinion. There are many that are under insured and thousands without insurance. Then there were those that heard the promise that Obama care would lower insurance rates. These are the votes that pushed the ( dream ) through. I did not fall for the pipe dream. I am sad to see how it has already effected so many in a bad way. ( some got canceled many now has to pay more ) The numbers will never show the real information I feel. So many things have went wrong, the White House spends millions on vacations each month for what ? That money alone would have helped secure our borders, or helped to form a real committee to solve the health care issues Truthfully!
    There are states that are not to tight on who can vote. I was raised to believe only American citizens IN good standing can vote. I say good standing for I do not know if someone in prison are allowed to vote. How ever, I have seen where some states just have to show they have an address where they live, does that prove they are a legal American citizen? NO, so the illegals can vote for an issue they really want passed, that would help them but the American Citizen could get out voted in some areas due to the very lax voting procedures of that state. That process can also affect the vote on healthcare, assistance to ( citizens etc… I will assist and work with any who come here the legal way, but please do not ask for my help when the first thing you do is break the law. ( Enter illegally ) Then ask and or demand help ! Sorry not with me.

  5. George Reagan, Fort Worth, TX says:

    Surprise, surprise, surprise!!!! …. as one of my favorite TV Marines used to say (Gomer Pyle aka Jim Neighbors). In this communist administration, nothing is a surprise. BHO preached in in his books, in his rhetoric and promises, and in his idealism. So don’t be “surprised”. Most of the hard working tax payers could see through the BS. His minions and sheeple knew the difference. Karl Marx, V Lenin, J Stalin, Mao, Ho, Castro and his Che would be proud. Is it 1776, again ??? Will there be another Revolution ??? Probably. But this time we will be better prepared. Count on it. There are many, many more Patriotic vets, plain every day people, and those willing to fight for what’s right than those that want communism or the USSA. History has recorded the murdering of the innocents, the unarmed citizens (Nazi Germany, the USSR, and other “progressive countries”) that succumbed to maniac tyrants hell bent on conquering the world. It is written. So don’t be fooled …. or surprised. History has taught us to be smart.

  6. George Reagan, Fort Worth, TX says:

    Back in 2009, most hard working American tax payers could see the socialist trends by the BHO administration. That’s why the Tea Party happened … in memory of the original Boston Tea Party, the protest of the British Empire taxing the Colonies tea without direct representation. Our first “Tax Day” Tea Party Protest in Fort worth, as with many places in Texas, brought out many hard working conservatives (and curious bystanders) of many backgrounds, ideals, genders, ages, and political leanings. All of the local, state and federal conservative political leaders of the day were there. In the terms of the 1960s hipsters, in was a “blast”. Ooopppss … the CIA, FBI, NSA, HHS, HSA, OSS, and a lot of other alphabet agencies will be after me. Oh well, at least I still have the “First Amendment” in my favor, unless BHO and EH have their way. (The further I do this, it’s harder to spell correctly as the Wild Turkey is taking over and doing its job of killing the pain the VA refuses to do as their responsibility to vets.) Oh well, maybe the TRUE AMERICAN PATRIOTS WILL EVENTUALITY WIN THEIR ELECTIONS THIS TIME AN SAVE AMERICA FROM THE COMMIES. US Navy vet, 1966-1970: Hospitalman, Corpsman “Doc” (and proud of it), Pharmacy Tech; the “Big E” (CVN-65), the USS Repose (AH-16), USS Lexington (CVS/A/T-16): Freedom Is NOT Free, just ask the South Vietnamese, Cambodians and/or Laotians.

  7. D.A. says:

    I too have been self employed most of my life. The worst shock I got last year as this monstrosity unfolded was not the doubling of my premium; ( I was able to lock in one more year of the old plan), but being told that the bronze plan, which would have doubled my premium, provided for only one hospital in my metro area. My agent explained that this would mean that if taken by the squad to any other hospital for a heart attack or car crash, I would be paying full retail. It would be as if I was uninsured. So, my premium doubles for a lesser product. In six months I’ll be forced to make some very unpleasant decisions, that is unless the Best Friend of The People decides to have mercy and issue a stay. Something tells me tho that Dear Leader just might doubt the loyalty of self employed people to his divine person.

  8. David Rasse says:

    I was self employed 90% of my life and had the same family health policy for well over 25 years (changed 2013). I was disabled in 2003 but did not file until 2009 and from 2009 to 2013 our policy fee’s increased by over 30% due to ObamaCare. I started getting my disability in 2013 and had to purchase a policy for my wife (we are both in our late 50’s) as the other policy could not be converted for an Individual. The policy we got her was $535.00 per month beginning in June 2013, in February 2014 we were informed the premium was increasing as of March to $683.00! The deductible is more than what we had carried, and by all means we don’t need to worry about maternity! The fee’s, however, continue to rise almost exponentially! I feel so bad for people less fortunate than me, but have worked hard all their lives and find themselves having to choose between purchasing insurance they cannot afford, paying a fine/tax and being exposed to the hazard of NOT being covered. Damned if ya do and if ya don’t!!!!

    ObamaCare is about nothing other than shifting wealth from the providers to the owners and management of Insurance Companies! In many States the selection of companies accepted by ObamaCare are limited to the “chosen.”

    This abomination needs to be repealed as it is to broken to even try and fix.

    • PaulE says:

      I agreed with everything you said until your second paragraph David. The reality of the wealth shift isn’t to the insurance companies, but to the government so they can provide all those subsidies to the low income folks to pay for these new mandated plans. Someone has to pay for all this “low-cost, subsidized health care insurance” to millions of people and that someone is us.

      Yes, this abomination known as Obamacare needs toe be repealed. We’ve taken a health care insurance model that worked for 95 percent of American citizens and broken it to try and address an issue that could have been resolved far cheaper for the truly uninsured rejected for prior medical conditions. Then again, Obamacare was never about health care insurance anyway. It was merely a means to an end.

      • David Rasse says:

        I agree with your comments about the shift being to GOVERNMENT rather than Insurance Corporate Leadership. My bias is from having owned businesses in the medical profession and what transpired when managed care first arrived.

        Regardless, Obama Care needs to be scrapped before it does any more damage especially to those on fixed incomes. His taxes have already reached, and are in the near future even more so, into the savings and income streams of those who worked their lifetime (in good faith) to have a secure older age lifestyle. It is taking from us the choice in not only our medical decisions, but in our ability to help our children, grandchildren and others who might be in need.

        I believe that America is tired of this form of management, and is ready to “balance the books” by placing more responsibility on the individual, Allowing business to care for their greatest asset (the employee as Ed Deming proved) and operate in an environment which allows such supports.

  9. Harry R says:

    Well, those who voted Obama in for his Second Term got what they deserved. Crummy Healthcare, still no jobs, more unemployment, lost of our rights, growing Police State, indoctrination of your young children in Socialism and Islam, higher and more taxes, reduced defense funding and the list goes on and on. Now don’t you wish you’d voted for Romney?

  10. PaulE says:

    Today’s report in the Wall Street Journal, on the breakdown of enrollees in Obamacare, shows that only 28 percent of those that signed up are in the young age group needed to keep 2015 insurance premiums from skyrocketing. They needed 40 percent of enrollees to be young people willing to drastically over-pay for insurance in 2014 to keep the rates for 2015 from jumping up significantly again. So start saving up now people for the next rate shock we’ll be forced to pay in 2015.

  11. Rik says:

    Whenever Jay Carney speaks, can’t you just see the “puppet strings” being yanked in the background? I have no respect for this clown. Where did he learn to “lie” like this, oh yeah, he graduated from the Yale School for Journalism. Yale’s mascot is a bulldog, and this is one dog who can throw the bull.

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