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Surveys: NH health premiums up 90%; more people insured under Obamacare
The health care research arm of the Morgan-Stanley investment firm released a survey Monday of 148 brokers from around the country, claiming to show average premium increases in excess of 11 percent in the small group market and 12 percent in the individual market, “largely due to changes under the ACA.”
“The uninsured rate has been falling since the fourth quarter of 2013, after hitting an all-time high of 18 percent in the third quarter — a sign that the Affordable Care Act, commonly referred to as “Obamacare,” appears to be accomplishing its goal of increasing the percentage of Americans with health insurance coverage,” according to Gallup.
Fox News described the survey as, “independent validation for the White House, that shows the country at least is not suffering from a net loss of insurance coverage due to cancellations.”
Critics of the ACA seized on the Morgan Stanley survey as another indication of its failures.
“This survey confirms that Obamacare is an unmitigated disaster that is raising the cost of health care for the middle class,” NHGOP Chairman Jennifer Horn said.
Republican Scott Brown, who is planning to formally announce his candidacy on Thursday, issued this statement: “Today’s study showing that insurance premiums are going up 90 percent in New Hampshire because of Obamacare is the latest sad reminder of the consequences of this broken law. This is what happens when politicians put the interests of their national party ahead of the priorities of their state and vote 99 percent of the time with President Obama. ”
Voices for Health is a coalition of health care providers, labor groups and others promoting sign-ups for coverage under the new law in New Hampshire.
“And, that’s before the application of savings from individual and small group premium tax credits,” she said.
Danielle Kronk Barrick, director of communications for the New Hampshire Department of Insurance, said the numbers in the Morgan Stanley research, as reported by Forbes.com, are at odds with the department’s data.
Factors in the ACA contributing to premium increases, according to the brokers surveyed by Morgan Stanley, include new restrictions on the factors insurance companies can use to assign premiums. The law also requires minimum benefits for plans to qualify for inclusion on the online email@example.com
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