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Obamacare losses continue to rise

Posted on Mar 31, 2016 by: Scott West

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According to a recent study of twenty-one Blue Cross Blue Shield (BCBS) companies around the country, enrollees in the PPACA (Obamacare) found that claims increased by fifteen percent from 2014 to 2015.

According to the study, ACA enrollees use their insurance far more than Americans who get insurance through (non-ACA) employer plans, a group that increased claims by just eight percent. It should be noted that BCBS insurance plans are nonprofit programs.

A spokesman for the Department of Health and Human Services (DHHS) said it was "no surprise that people who recently gained access to coverage under the Affordable Care Act needed health care," noting that people with pre-existing health conditions often couldn't purchase affordable insurance before certain ACA provisions came into effect in 2014.

Many economists have suggested that moving plan design and pricing from state jurisdictions to DHHS control would lead to significantly higher rates over the long run and less cost containment in the short term. As such, we should hardly be surprised by dramatically higher rates for individuals due to increasing deficits in the insurance plans.