The exchange is now facing requests for increases as high as 28 percent
Since health insurance in New York was already hideously expensive, advocates for ObamaCare eagerly rushed to proclaim it as one of the rare success stories for the big government health program.
Never mind all the other states. New Yorkers were saving money.
Individuals buying health insurance on their own will see their premiums tumble next year in New York State as changes under the federal health care law take effect, Gov. Andrew M. Cuomo announced on Wednesday.
State insurance regulators say they have approved rates for 2014 that are at least 50 percent lower on average than those currently available in New York. Beginning in October, individuals in New York City who now pay $1,000 a month or more for coverage will be able to shop for health insurance for as little as $308 monthly.
Notice the $1,000 part.
That was 2013. Now get ready for an ugly dose of ObamaCare reality.
Some New Yorkers are in sticker shock after receiving notices from their insurance companies saying that they have asked for significant rate increases through the state’s health exchange next year.
The exchange, which has prided itself on being affordable, is now facing requests for increases as high as 28 percent for some customers of MetroPlus, a new entry to the individual insurance market and one of the least costly — and most popular — plans on the exchange this year.
Beth Leibson, a Manhattan resident, received a letter from MetroPlus saying it was working on raising her rate by 28 percent. She said this was a higher one-year increase than any rate rise she had had with previous insurance, including insurance under the federal law known as Cobra, where she paid the entire bill. “It seems to me that this defeats the purpose of ‘affordable’ health insurance,” Ms. Leibson said.
It's not affordable insurance. It's ObamaCare.
This is just the beginning. Even in New York, ObamaCare didn't make health insurance cheaper for insurers. Which means it's going to become even more expensive for people who pay for their health insurance.
Several insurers mentioned a new pool of customers and changes to the population they are serving through the exchange. State officials said that over all, the population on the exchange is healthier than it used to be on the individual market, but that there could be some part of that population that was sicker than expected or using more services than expected.
Who are you going to believe, math or state officials? The basic ObamaCare demographic is not healthy.
MetroPlus is run by New York City’s Health and Hospitals Corporation, which runs the city’s 11 public hospitals, whose mission is to serve the poor. It was formerly a Medicaid plan but expanded into the private market on the exchange in hopes of attracting a new, more middle-class clientele to the city hospital system.
And now you know the rest of the story. A public hospitals city plan tried to go mainstream by undercutting its rates and is now trying to gouge the suckers who signed on.
This is ObamaCare,