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New Study: Obamacare Will Actually INCREASE the Number of Uninsured

A new study was released which shows that Obamacare will both increase the cost of health insurance and increase the number of uninsured.

Professor Stephen Parente and Adjunct Professor Michael Ramlet did an analysis of Obamacare and its projected effect on the number of uninsured over the next ten years. He found that the number of uninsured will go up starting in 2017, due to the declining purchasing power of the government subsidies.

Parente & Ramlet also found that health insurance costs will increase by nearly $1400 for those individuals with “silver” plans and $4200 for families with “silver” plans.

The Parente & Ramlet analysis ia the Washington Post:

Nationally, we estimate an initial decrease in the uninsured with greater use of the private health insurance subsidies, but over time health plan prices are likely to increase faster than the value of the insurance subsidy. As a result of the declining purchasing power of the insurance subsidy, the implementation of the qualified health plan requirements and the end of the reinsurance and risk corridor programs we estimate a significant reduction in the private insurance market in 2017 with steady declines continuing for the rest of the decade.

A few other important notes in the Parente & Ramlet study.

Arkansas residents can expect:

  • $1,277  Cost increase of an individual exchange health plan within 5 years (Silver)
  • $4,186 Cost increase of a family exchange health plan within 5 years (Silver)
  • 30,300 Increase in the uninsured within 5 years (2019)

Iowa residents can expect:

  • $ 1,306 Cost increase of an individual exchange health plan within 5 years (Silver)
  • $4,417 Cost increase of a family exchange health plan within 5 years (Silver)
  • 94,600 Increase in the uninsured within 5 years (2019)

Louisiana residents can expect:

  • $1,385 Cost increase of an individual exchange health plan within 5 years (Silver)
  • $4,000 Cost increase of a family exchange health plan within 5 years (Silver)
  • 81,100 Increase in the uninsured within 5 years (2019)

North Carolina residents can expect:

  • $1,384 Cost increase of an individual exchange health plan within 5 years (Silver)
  • $4,131 Cost increase of a family exchange health plan within 5 years (Silver)
  • 224,100 Increase in the uninsured within 5 years (2019)

Oregon residents can expect:

  • $1,269 Cost increase of an individual exchange health plan within 5 years (Silver)
  • $4,306 Cost increase of an individual exchange health plan within 5 years (Silver)
  • 64,600 Increase in the uninsured within 5 years (2019)

All of these states have Senate seats that are currently held by Democrats and are up for election this year. And guess what? All of them voted for Obamacare.

Editor’s note: The article was edited for content after publication.


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