In Tennessee, insurance premiums for a 27-year-old have increased by 59% under the Affordable Care Act. Before Obamacare the average one month premium was $135 a month; under Obamacare that premium has increased to $214.70. For an adult age fifty, the increase was 31.6% increasing from $278 to $365.90. For a family of four the increase was a more modest 8.6%, increasing from $667.91 to $725.24.
These increases are contrary to President Obama's promise that Obamacare would lower premiums by $2,500 per family. That promise, like his promise that, "if you like your insurance you can keep your insurance, period," was also a lie or at best wishful thinking and a rosy scenario projection. Nation wide only four states have seen a decrease in health care premiums and those decreases ranged from a fraction of a percent to a high of 6.7%. Those modest saving in only four state are a far cry from the promised $2500 savings per family. And, we have not seen the end of premium increases; in 2015, in some areas, premiums are expected to double. The Hill says in 2015 Obamacare premiums are expected to "skyrocket." They report that an insurance official from a populous swing state said his company expects to triple its rates next year on the ObamaCare exchange.
These increases were not unexpected from those of us on the right who were paying attention. Critics of Obamacare knew that in many cases people would not be allowed to keep their current insurance policy and they knew insurance premiums would have to increase. Those who were believing the Presidents lies and who believed they could expect objective reporting from the mainstream press about what to expect with Obamacare are probably very surprised.
While Tennessee's increase of 59% in premiums for a 27-year-old is high, it is modest compared to Virginia where premiums increased by 252.5%! For a family of four, Tennessee's 8.6% increase is small compared to Virginia's 178.7% increase. To read more about this study and see information for every state, follow this link: How Will You Fare in the Obamacare Exchanges?