Friday, October 25, 2013

FOXNews.com: Study: Kansas premiums to spike following ObamaCare rollout

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Study: Kansas premiums to spike following ObamaCare rollout
Oct 25th 2013, 15:51

Published October 25, 2013

Good news: Kansas landed in the top 10 in a recent study conducted by the conservative Heritage Foundation! Bad news: It's for massive insurance premium hikes because of Obamacare.

Kinda puts a damper on things, huh?

As I said, before dashing your optimism with harsh reality, Kansas is among the top 10 states to possibly see the largest premium increases following the rollout of the federal health care exchange, according to a recent report from Heritage's Center for Data Analysis. In a nutshell, the report states Obamacare health premiums available to Kansans will be higher than existing policies.

According to the Heritage report, the average premium for a 27-year-old Sunflower State resident will rise from $87.40 to $200.14, a massive 129 percent bump. This gives Kansas the unfortunate privilege of boasting the sixth-highest increase for young people nationwide.

The news gets slightly better for other groups, but not by much. Average premiums for a 50-year-old adult could increase from $198 to $341.08 (72.3 percent increase), while a family of four may see an increase from $553.92 to $676.05 (22 percent increase).

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