The President often repeated that the ACA would reduce the cost of premiums by $2,500 for a family of four. However, using the same math the Administration employed, one scientist calculated it would increase premiums for a family of four by more than $7400 by 2222. When I did the formula, I came out with a similar figure closer to $7,900 per family of four (my model assumed that both head of household were not employed). The Manhattan Institute, although they did not disclose their method completely, predicted and increase of 41% which in any case is way more than $2,500. This was as of the end of last year and was an overall estimiate not giving any weighted effects for states like Georgia or Indiana where increases are estimated to be 198 and 72 percent accordingly.
New information shows that based on official filings by insurance companies in Virginia, that policy rate increases range between 3 to 17 percent for 2015, and are attributed to new cost associated with implementing the ACA as a function of being mandated to cover less healthy and previously folk that never had health insurance.
Although the President stated that this law would assist in providing coverage for folk who did not have health insurance. It is difficult for me how his administration came up with the number of people who did not have health care coverage since it fluctuates, similar too manner in knowing how many cares are owned by people versus the actually number that are drivable and on the road. Since this proposal was implemented during the start of our current and present recession, the Obama Administration goal of signing up 7 million really wasn’t too difficult since close to 40 million currently have no form of health coverage, inclusive of the botched roll out of the web site. To be completely honest, as the federal government, it is difficult for me to believe then even have a clue of how many uninsured folk in America, regardless of being either democrat or republican.