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Health insurance premiums both before the Affordable Care Act was put into place and afterwards were compared in a recent study. It was found that there has clearly been an increase in premium rates. The degree of increase varied depending on age and sex. This comparison looked at men and women ages 23, 30, and 63. All groups had an increase in their monthly premiums. I have attached a link to this article where you can look at their comparison charts: http://www.medicaldaily.com/aca-raises-premium-rates-younger-enrollees-78-some-groups-308526
The article mentioned that there are two things to keep in mind. Some people now receive subsidies which help with their health insurance costs. Another thing to consider is that Obamacare prohibits health insurance companies from rejecting applicants based on poor health whereas before Obamacare 1 in 5 applicants were rejected for insurance.
This article was written by Katharine, a contributing writer and employee of The Health Insurance Specialists Inc.
We assists small groups and individuals in providing and understanding health insurance plans. We have built our business on helping property & casualty agents and financial advisers consult with their clients to have clear health care coverage for their clients.
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