ObamaCare’s impact on health costs.

“Overall, PPACA is anticipated to increase costs by an average of 1.5% in 2011 across the surveyed health plans. Other surveys have offered similar cost estimates. However, it is important to understand that these averages cannot be easily extrapolated to any particular health insurance policy or across different lines of business… Overall, for 2011 health plans reported estimated increases due to PPACA of 4.7% for individual policies, 1.5% for small group plans, and 0.8% for large group plans on a weighted average basis. These impacts are additive to the other trend components discussed previously.”

“A new study by the Kaiser Family Foundation underlines that many of the promises surrounding President Obama’s health care legislation remain unfulfilled, though the White House argues that change is coming. Workers at the Flora Venture flower shop in Newmarket, NH, remember when presidential candidate named Sen. Barack Obama, D-Ill., promised that their health care costs would go down if they elected him and his health care plan was enacted… Last year workers at the flower shop saw their insurance premiums shoot up 41 percent.”

“The cost for businesses to buy health coverage for workers rose the most this year since 2005 and may reach $32,175 for a family in 2021, according to a survey of private and public employers… The health law enacted last year accounts for 1 to 2 percentage points of the premium increases in 2011, said Drew Altman, chief executive officer of the Kaiser Family Foundation.”

“Ohioans who buy individual insurance policies could see their premiums jump 55 to 85 percent in 2014 when key provisions of the new federal health-care law kick in, according to a new report. Rates also are expected to increase for those with employer-sponsored coverage but not nearly as much. “

“Because of a quirk in ObamaCare, people who buy health insurance through a federally run exchange may not be eligible for premium subsidies… Section 1311 of ObamaCare instructs state governments to set up an exchange. If a state refuses, Section 1321 lets the federal government establish an exchange in the state. Yet ObamaCare states that the tax credit is available to people who are enrolled in an ‘an exchange established by the state under (Section) 1311.’ It makes no mention of people enrolled in federal exchanges being eligible for the tax credit.”

“Seventy-five percent of respondents to the Health Care Reform Readiness Survey said they believe healthcare costs will increase due to healthcare reform; 43 percent said they expect the increase to be significant. The Health Care Reform Readiness Survey, released by Buck Consultants, a human resource and benefits consulting firm that is a subsidiary of A Xerox Company, is based on responses from more than 200 professionals at healthcare organizations in the United States.”

“Now, there’s a new study that suggests that employer dumping under Obamacare could be significant, leading to an explosion of the law’s costs and thereby the federal debt. A working paper by economists Richard Burkhauser and Sean Lyons of Cornell and Kosali Simon of Indiana, published by the National Bureau for Economic Research, examined various reasonable assumptions regarding the behavior of employers under the law.”

“The bad news for ObamaCare’s proponents? ObamaCare won’t help contain health costs, as the president so often claimed while lobbying for passage of his reform package. Instead, it will exacerbate them. Remember his oft-repeated statement that his plan would ‘cut the cost of a typical family’s premium by up to $2,500 a year.’ As the CBO rightly explained, premiums will rise by $2,100.”

“Reformers are mostly right when they argue that Congress hasn’t done a great job of controlling health costs or the growth of tax-financed health spending. But where they go wrong is in thinking that a small number of experts in positions of government-granted authority will somehow be more successful. The basic problem with the bureauwonk model of health reform is that it assumes that technocrats can not only identify but successfully scale local innovation to the national level.”

“In a truly market-based insurance exchange, women would be able to choose a health plan that met their needs and was consistent with their values, and those who wished to forgo certain benefits would have the freedom to do so. If any attempt at health reform is to succeed at reducing costs and tailoring coverage to the specific needs of each individual, it must ensure that consumers are able to choose the plan and benefits that work best for them, rather than submitting to the decisions of a bureaucratic board.”