Business

Analysis: In Obamacare rate debate, price gets political

By Caroline Humer

catastrophic direct primary careNEW YORK (Reuters) Aug 2, 2013 With the October 1 date for enrollment in the health insurance exchanges being created by Obamacare less than two months away, a war of numbers has been escalating.

Health insurance will cost way less. Or it will cost way more. It depends who you ask.

Residents of states that have embraced President Barack Obama’s healthcare reform, including New York, California and Oregon, will save on health insurance, officials there say. In Indiana, Florida, Ohio and Georgia, where opposition to the healthcare law runs high, residents will suffer an unprecedented spike in costs, according to the states’ insurance departments.

Fueling the divide is the creative use of statistics by states to support their political stance on Obamacare. And because there is no standard for how to compare premium prices for the new insurance plans, it is easy to turn the numbers into a political football, actuaries, exchange officials and health economists say.

“So much of what we are reading about these days is part of the … back-and-forth of ‘it’s a disaster’ or ‘it’s really going to be nirvana for consumers,'” said Jon Kingsdale, former head of the Massachusetts Health Connector insurance exchange and a managing director at the Wakely Group healthcare consultancy.

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Source: http://news.yahoo.com/analysis-obamacare-rate-debate-price-gets-political-175056352.html

Categories: Business, Cost, Insurance, Policy

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