Ground rules for the
battle on health insurance changed focus - from political issues to health
insurance premiums for millions of Americans.
to experts those under employer based insurance or Medicare or Medicaid - won't
change things too much, 5% of the Georgians under individual coverage may feel
the shock of change or maybe not too much according to some.
"We're talking about a small sliver of the population
that's going to be affected," said Larry Levitt, senior vice president with the
non-profit Kaiser Family Foundation.
by consulting firm Oliver Wyman predicted a 40% increase for people in the
individual plan. The report stated that the individual premiums for young
adults in Atlanta would rise 179% that is from $612 to $1,716.
analysts disagree - "There are a lot of scare tactics out there," said Kathleen
Stoll, director of health policy for Families USA, a non-profit advocate for
affordable health care. "I don't believe the myth of rate shock."
felt the young adults would not be badly affected as till 26 they could stay
under their parents insurance. There were bound to be tax credits when they
bought insurance from the online exchange beginning Jan 14th
with pre-existing conditions would benefit.
900,000 Georgians were expected to buy insurance from the federally run state
exchanges, tax credits would offset premiums to some extent.
to the Affordable Care Act 10 essential benefits like - maternity care, mental
care, etc. were not mandated, so individuals who opted for these services paid
47% more than those who exempted the said 10 essential benefits.
Custer, a Georgia State University professor and health care policy analyst
felt, "There is little chance that average premiums paid will rise by 40
percent, and it is very unlikely that any individual will see premiums rise by
179 percent solely due to the implementation of the Affordable Care Act,"
of premiums will be determined only by the number of healthy and young
individuals who will buy insurance covers.
"There's a concern all things being equal
(that people) are more likely to sign up if they know they're pregnant or have
cancer or HIV," said Karen Pollitz, a private insurance expert for the Kaiser
it is mandatory to buy insurance, many may choose to pay the penalty for not
buying insurance which is $ 95 or 1% of family income which will increase to
$695 for an adult by 2016.
issue is fogged up due to political divide over Obamacare. Earlier in the
Republican dominated Georgia State, insurers were asked to include rate
increases in the premiums due to the health law. "This is nothing more than a political attack on the President's
bill," Sen. Steve Thompson, D-Marietta, said during the floor debate.
Hannah Punitha (IRDA Licence Number: 2710062)
David Markiewicz and Misty
Williams, March 2013