Will health insurance rates go way up even in Wash. state?

Washington State by Shutterstock.com

Article Highlights

  • Health insurance rates rise for the young and the relatively old in Washington State

    Tweet This

  • 'Sebelius routinely expresses contempt for high-deductible insurance'

    Tweet This

  • Here is more proof that health insurance rates are about to go way up

    Tweet This

More evidence that health insurance rates are going to go way up comes from Avik Roy of the Manhattan Institute in his the Apothecary column in forbes.com. Roy and two associates looked at likely insurance rates in Washington state, which has had health insurance regulations which work much like Obamacare. Even so, his findings are that health insurance rates in the individual market will rise abruptly there-and not only for young people, but also for the relately old (those age 64, one year short of qualifying for Medicare). Interesting tidbit: The increases are greater in western Washington, west of the Cascade Mountains, which includes most of the state's population and votes heavily Democratic.

At the end of his column he also takes a poke at Health and Human Services Secretary Kathleen Sebelius's idea of what insurance should be, similar to a point I made in a May Washington Examiner column.

"Health and Human Services Secretary Kathleen Sebelius routinely expresses contempt for high-deductible insurance. ‘Some of these folks have very high catastrophic plans that don't pay for anything unless you get hit by a bus,' she once said incredulously. ‘They're really mortgage protection, not health insurance.' As Megan McArdle observes, this only goes to illustrate that Sebelius is ‘sincerely confused about the difference between insurance and prepayment. Which explains a lot about the new health law.'"

 

Also Visit
AEIdeas Blog The American Magazine

What's new on AEI

With Ukraine, Putin is courting the home crowd
image Ayn Rand vs. Paul Ryan
image Fighting for us: The real stakes in Israel’s war
image Obama failed to stop the Islamic State when he had the chance
AEI on Facebook
Events Calendar
  • 28
    MON
  • 29
    TUE
  • 30
    WED
  • 31
    THU
  • 01
    FRI
Tuesday, July 29, 2014 | 10:00 a.m. – 12:00 p.m.
Is Medicare's future secure? The 2014 Trustees Report

Please join AEI as the chief actuary for Medicare summarizes the report’s results, followed by a panel discussion of what those spending trends are likely to mean for seniors, taxpayers, the health industry, and federal policy.

Friday, August 01, 2014 | 10:30 a.m. – 12:00 p.m.
Watergate revisited: The reforms and the reality, 40 years later

Please join us as four of Washington’s most distinguished political observers will revisit the Watergate hearings and discuss reforms that followed.

No events scheduled this day.
No events scheduled this day.
No events scheduled this day.
No events scheduled today.
No events scheduled this day.
No events scheduled this day.