Oliver Wendell Holmes, Jr. (1841-1935)
Generalization has its hazards but you have to stand for something, and generalizing is the easiest way to show where you stand.
10. VT, +133%, +104%, +55%
11. CT, 98%, 89%, +29%
12. RI, 2%, -11%, -1%
13. ME, -80%, -78%, -55%
14. DC, +25%, +18%, +51%
Roy makes these observations from his data: Young people (+43%), older men (+20%). and older women (+27%) will be the hardest hit. All of these states and DC, with the exception of South Dakota, voted for President Obama.
He concludes with this paragraph.
“ If you’re in one of the high-cost states that will see premium decreases under Obamacare, count yourself lucky. But if you’re among the many who will see rates go up, you will have a decision to make. Should you sign up for health insurance that is more expensive than your coverage today? Or should you drop out of the market and pay the fine? That, my friends, is the 2-trillion-dollar question.”
Tweet: On average, Obamacare will cause premium increases of 24% in 13 states and DC, but in Colorado, Ohio, Maine, and NY premiums will do down.