Nationally, prices will rise by 41%. But in some states, it will be much worse. In a few, it will be better.
There is an interactive map here. Place your cursor over your state. You will see what the typical policy cost pre-OC, and what it will cost after.
The system, with the subsidies — if there will be any subsidies for your state — penalizes young men. It rewards oldsters. This could come as no surprise. American politics rewards oldsters because they vote in higher numbers, and they vote as a bloc. So, they get rewarded. Young people don’t vote in the same numbers. So, they get stiffed.
The increases are most substantial for young males. At the beginning of their careers, they will pay the most.
Then there is this: the failure of www.Healthcare.gov.
Right now, the headlines are dominated with stories about the deep and thorough dysfunction of the federally-built Obamacare insurance exchange. It’s a serious problem. If the exchanges aren’t fixed soon, the likely outcome is that older, sicker, and poorer people sign up, while everyone else goes without coverage. That, in turn, will imbalance the insurance pool in the exchanges, making its products more expensive and subsidy-dependent. Those facing cancellation of their existing coverage face the greatest risk under the worst-case scenario.
Finally, there is this. The law, as written, makes no provision for federal subsidies to those who buy policies on the federal government’s exchanges, as distinguished from the state-run exchanges. This is now being adjudicated in one federal court. The decision will come down as late as February 15. If the federal judge determines that the subsidies are illegal, the system goes into gridlock. The government will have to wait until the Supreme Court decides. That will take months.
If the courts say that the subsidies are illegal, they will have to re-design www.Healthcare.gov. This will take months.
Without the subsidies, ObamaCare becomes the ultimate welfare state albatross: a huge increase of costs on the young and healthy, and very large increases for oldsters, too. Meanwhile, those who lost their coverage will not have insurance. If they ever get it back, they will pay far more.