Shocking Non-Partisan report: How much will Obamacare raise your premiums?
We have reported time and time again the fact that Obamacare is causing health insurance premiums to rise. Today the non-partisan Society of Actuaries released a stunning report that details the dramatic increases on individual health insurance plans in the United States under the implementation of Obamacare.
According to the study, only 5 states in the US will see individual health insurance rates go down: New York, Massachusetts Vermont, Rhode Island, and New Jersey. Every other state in the Union will see insurance premiums for individuals rise. The sharpest increases happen in Ohio and Wisconsin, where individual rates are projected to increase over 80%.
The study does not cover insurance plans provided by employers, as the main focus of Obamacare was to insure those who could not get health insurance through their work.
CLICK HERE FOR LARGE VERSION OF THE ABOVE INFOGRAPHIC (viewable on Facebook)
Here are the percentages by which Obamacare is expected to raise state by state:

  • Alabama - 60.3%
  • Alaska - 19.2%
  • Arizona - 22.2%
  • Arkansas - 40.9%
  • California - 61.6%
  • Colorado - 39.1%
  • Connecticut - 28.8%
  • Delaware - 29.3%
  • District of Columbia - 51.9%
  • Florida - 26.5%
  • Georgia - 27.6%
  • Hawaii - 21.9%
  • Idaho - 62.2%
  • Illinois - 50.8%
  • Indiana - 67.6%
  • Iowa - 9.7%
  • Kansas - 18.9%
  • Kentucky - 34.1%
  • Louisiana - 28.6%
  • Maine - 4.1%
  • Maryland - 66.6%
  • Massachusetts - -12.8%
  • Michigan - 25.8%
  • Minnesota - 18.9%
  • Mississippi - 43.2%
  • Missouri - 58.8%
  • Montana - 20.1%
  • Nebraska - 30.8%
  • Nevada - 29.2%
  • New Hampshire - 36.8%
  • New Jersey - -1.4%
  • New Mexico - 34.9%
  • New York - -13.9%
  • North Carolina - 13.5%
  • North Dakota - 8.4%
  • Ohio - 80.9%
  • Oklahoma - 29.3%
  • Oregon - 14.3%
  • Pennsylvania - 28%
  • Rhode Island - -6.6%
  • South Carolina - 36.8%
  • South Dakota - 29.0%
  • Tennessee - 46.4%
  • Texas - 33.8%
  • Utah - 28.4%
  • Vermont - -12.5%
  • Virginia - 28.4%
  • Washington - 13.7%
  • West Virginia - 35.3%
  • Wisconsin - 80%
  • Wyoming - 31.6%

The average increase for all 50 states is 31.5%. Today, the Obama administration dismissed the report as “speculation” but admitted that Obamacare will indeed cause premiums to rise for individuals.

Full text of the study after the jump:

Cost of the Future Newly Insured under the Affordable Care Act

Poor Richard's News - Shocking Non-Partisan report: How much will Obamacare raise your premiums?