Health reform implementation

Ohio officials say premiums will rise under ObamaCare

{mosads}In Ohio, the state insurance department said, the average premium for an individual healthcare policy will likely rise from $223 per month to $420 — an 88 percent increase.

The cheapest policy available in Ohio after the Affordable Care Act takes full effect next year would cost roughly $280 per month, the department said.

“We have warned of these increases since a state-specific study in 2011 indicated Ohio would be significantly impacted by the ACA,” Lt. Gov. Mary Taylor said.  “The Department’s initial analysis of the proposed rates show consumers will have fewer choices and pay much higher premiums for their health insurance starting in 2014.”  

Fourteen insurance companies have applied to sell their products in Ohio’s newly created exchange. 

Ohio opted not to set up its own exchange — new state-by-state marketplaces for people who don’t get coverage through an employer — so the federal government will run the exchange there.

The department said the rate filings are preliminary, and rates could change.

Only a handful of states have released their rate filings for 2014, but few have said the healthcare law would spur significant price hikes. 

Although some young, healthy customers will inevitably see their premiums rise because of the healthcare law, other state rate filings have shown overall increases generally in line with past years. 

In California, where Obama planned to discuss the healthcare law Friday, premiums for the law’s cheapest policies came in at less than $200 per month, even before new tax credits to help low-income people pay for their healthcare plans.


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