In 2014, the LAW requires everyone to have
Health Insurance or pay a penalty.
Obamacare subsidies are for the needy and unemployed.
For the rest of us, Insurance companies pay Obamacare 3.8%
OR compare numerous policies for your best rates, CLICK
The Ohio Department of Insurance predicts premiums in 2014 will rise by 88 percent, a direct result of President Obama’s Patient and Affordable Care Act.
The average cost of insurance premiums will stand about $420, “representing an increase of 88 percent” compared to 2013, the department reported, Forbes said.
State officials aren’t surprised. They’ve cautioned about the “rate shock” since the early days of Obamacare, Forbes reported.
“We have warned of these increases,” said Lt. Gov. Mary Taylor, in a statement reported by Forbes. “Consumers will have fewer choices and pay much higher premiums for their starting in 2014.”
“A total of 14 companies proposed rates for 214 plans to the Department [of Insurance] Projected costs from the companies for providing covered for the required — by Obamacare — essential health benefits ranged from $282.51 to $577.40 for individual health insurance plans,” Ms. Taylor’s statement , Forbes reported.
The Department of Insurance still has to approve the proposed rate hike, Forbes said.
Ohio Department of Insurance
2100 Stella Court
Columbus, OH 43215
The self-employed may not purchase group coverage.
Medicaid, Best Rx Program, and Breast and Cervical Cancer Prevention Project offer assistance to low income individuals.
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