"For example, single adults age 21-29 earning
300% to 400% of the federal poverty level will be hit with an increase of 46%
even after premium assistance from tax credits."
The number of people seeking individual healthcare insurance
will be even higher when it becomes clear that employers presently providing
healthcare insurance to employees will drop the coverage and elect to pay the
healthcare insurance industry claims the reason for the increases in premiums
is the Obama administration’s regulatory policies for participating in health
Obamacare's community-rating regulations, which
require insurers to accept everyone but limit or ban them from varying premiums
based on age or health.
also mandates "essential" benefits that are far more generous than
those currently offered and thus raise the premiums.
The healthcare insurance industry will be
required to pay a tax on every healthcare insurance policy sold through the
health insurance exchange. The industry is anticipating the tax and passing it
on the anticipated cost to the consumer.
Employers with over 50 employees are decreasing the
number of employees to less than 50 employees so as not to pay a penalty for
not providing insurance.
Employers are not required to
provide insurance for employees working less that 30 hours a week and so
employers are decreasing employee work hours.
The Bureau of Labor
Statistics reported on a category of workers who will almost surely be
involuntarily under-employed as a result of health reform.