MEMO: NUMBERS DON’T LIE
FROM: RNC Research Director Kris Anderson
TO: Interested Parties
RE: Numbers Don’t Lie: ObamaCare Makes Premiums More Expensive For Young People
ObamaCare is increasing the cost of individual insurance premiums for young people across the United States.
Democrats have tried to spin this reality by pointing to this week’s report from the U.S. Department of Health & Human Services and saying that prices are lower than projected. Note that they’re saying “lower than projected” but not “lower.” They’re distracting from the important point: prices are more expensive than they are right now in the states included in the HHS report.
The numbers don’t lie. The chart below shows the monthly premium costs pre-ObamaCare for a young individual and the monthly premium cost post-ObamaCare.
To complete a fair analysis, we looked at two sets of data at RNC Research. First, we took the HHS-released data on the lowest average monthly premium of a bronze plan for a 27-year-old in the various states under the exchanges. We compared those rates against the states’ average premiums for 30-year old nonsmoking males that were included in a July 2013 study from the U.S. Government Accountability Office. We calculated out the difference between the premium rates. In every state, there’s a sizable increase.
We do realize there are more things that play into these calculations, but the takeaway is pretty clear: when talking about premiums, ObamaCare is bad news for the average American.
See for yourself: