Obamacare Not Ready for Prime Time in Georgia

Insurance Commissioner Ralph Hudgeons says Obamacare is not ready to roll in Georgia. Citing “massive” rate hikes for the new 2014 Obamacare screwedObamacare plan design, Commissioner Hudgeons is asking for a 30 day delay. Find out how to save money NOW and avoid the 2014 rate jump.

“I was always skeptical of Obamacare,” said Hudgens, a Republican who, like many political leaders in his party, opposed the Affordable Care Act. “But I never imagined that it would lead to rates being doubled or tripled.”

Nearly everyone with an individual policy will see their premiums rise, he said.

The increases are up to 198 percent for individuals, Hudgens said in a statement Tuesday. “Increases of this magnitude will make coverage less affordable and increase the number of uninsured in Georgia.”

Georgia Health News

When your premiums double overnight it goes without saying, health insurance is no longer affordable.

 

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In Maryland, meanwhile, the insurance commissioner reduced the premium rates proposed by every insurance carrier in the individual market, some by more than 50 percent, according to an analysis by Maryland officials who will be operating the marketplace.

If a carrier cannot get the rates they need to support the risk they will not participate in the exchange.

Georgia individuals and families hoping for “affordable” health insurance may not find plans on OR OFF the exchange that fits their budget.

Obamacare is a train wreck.

The preliminary filings of exchange rates in May showed that companies are offering rates comparable to or even below current employer premiums, said Bill Custer, a health insurance expert at Georgia State University, who was asked to evaluate the filings for GHN.

Bill Custer must be taking Obamacare spin lessons.

In making this observation he fails to mention that employer group health premiums are roughly DOUBLE the cost of comparable individual plans.

Young people under 35 will see increases of more than 100 percent, Hudgens said. Middle-aged people will see hikes of up to 100 percent, and older residents will face increases of up to 40 percent, he said.

Almost no one is immune.

Obamacare rates in Georgia will be on par with health insurance costs in New York, Massachusetts and Maine. These states already have the some of the highest rates in the country.

I find it hard to believe no one saw this coming.