Posted on 10/30/2014 7:11:37 PM PDT by TurboZamboni
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A new study published by the Brookings Institution reveals the rollout of the Affordable Care Act (ACA) is imposing far more volatility and harm on people in Minnesota’s individual market than elsewhere.
The study, by Yale economist Amanda Kowalski, takes “an early look at the impact of the ACA on the individual health insurance market.” It compares state-by-state coverage levels, insurance premiums and insurance costs in the first two quarters of 2014 to estimates of what they would have been if the ACA had not been implemented this year. These estimates are created by extending pre-ACA trends going back to 2008. Using this data, the study then estimates the welfare gain or loss from implementation across states.
The data and analysis from this study help fill in the real picture of what is happening in Minnesota’s individual insurance market and supports four main points. 1.Average insurance premiums paid in Minnesota are lower than many states, but not the lowest in the nation. 2.The ACA increased Minnesota’s average insurance premiums, but premiums grew substantially slower in the national average. 3.Insurers set premium rates too low, making Minnesota the only state where insurance costs exceed premiums. 4.Finally, the study estimates people participating in Minnesota’s individual market experienced the second largest welfare loss in the country.
Keep reading for more details on these four points.
(Excerpt) Read more at americanexperiment.org ...
Minnestotan’s should be proud. It was their senator that cast the deciding vote.
Minnestotan’s really have to be a special kind of stupid? First they elect Ventura then Franken? And now they have problems with the ACA which the elected officials, that they elected, voted for? When will they learn?????
Franken didn’t really get elected. He cheated. Still, there are a lot of clueless lefties out here.
and more than half the dumba$$es in this state are gonna elect him again.
Gov moonbeam is hiding the new rates till after the election too.
No sh**.
Internal Emails: MNsure Aware People Placed on Medicaid Didn’t Qualify
http://kstp.com/news/stories/S3571847.shtml?cat=5
helluva job, Governor Thorazine.
Actually, it was Olympia Snowe who cast the deciding vote. If it were not for her vote to move it out of the Finance Committee, it would have been dead there. Her vote gave it the 60% (14-9).
(snip) The most anticipated vote was that of Olympia Snowe, a Republican from Maine, and the only member of her party on the committee who voted for the bill.
Snowe had previously hinted at her support when she said: “Is this bill all that I would want? Far from it. But when history calls, history calls and I happen to think that the consequences of inaction dictate the urgency of Congress to demonstrate its capacity to solve the monumental issues of our time.”
http://www.theguardian.com/world/2009/oct/13/healthcare-senate-baucus-snowe-reform
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