Skip to content
Catholic Online Logo

By Catholic Online (NEWS CONSORTIUM)

7/22/2013 (1 year ago)

Catholic Online (www.catholic.org)

Costs for individual plans to increase from an average of $255 per member per month in 2012 to $570 in 2014

According to the Indiana's insurance department, under President Barack Obama's healthcare overhaul, i.e. "ObamaCare" insurance rates will increase 72 percent for those with individual plans and eight percent for small group plans.

Costs for individual plans are expected to increase from an average of $255 per member per month in 2012 to $570 in 2014, when the most aspects of the law go into effect.

Costs for individual plans are expected to increase from an average of $255 per member per month in 2012 to $570 in 2014, when the most aspects of the law go into effect.

Highlights

By Catholic Online (NEWS CONSORTIUM)

Catholic Online (www.catholic.org)

7/22/2013 (1 year ago)

Published in U.S.

Keywords: Indiana, ObamaCare, insurance, rates, individual insurance


LOS ANGELES, CA (Catholic Online) - The increase is due primarily to new mandates under the law. The health care overhaul requires insurers to cover those with pre-existing conditions and to offer a minimum level of benefits.

"This new data regrettably confirms the negative impact of the Affordable Care Act on the insurance market in Indiana," Chief Deputy Commissioner with the Indiana Department of Insurance Logan Harrison says. "The Affordable Care Act requires many Hoosiers to purchase more comprehensive and more expensive health insurance than they may want or need. These rates call into question just how affordable health insurance will really be for many Hoosiers."

Costs for individual plans are expected to increase from an average of $255 per member per month in 2012 to $570 in 2014, when the most aspects of the law go into effect, Harrison warns.

The increased costs of individual plans will only impact the people buy insurance on their own, about 200,000 people right now, Harrison said. About 70 percent of Indianans get their insurance through their employers.

The insurance department's figures don't take into account federal subsidies that many people will receive on the new health insurance exchanges for individuals. Even worse, those who earn 100 to 400 percent of the federal poverty level will be eligible for subsidies.

According to the Kaiser Family Foundation, a family of four with a household income of $80,000 would receive a tax credit of about $2,269 to help cover the cost of individual insurance.

Harrison said the insurance department looked at the raw rate increases because Indianans will pay for them whether through tax dollars or directly from their own pockets.

---


Pope Francis: end world hunger through 'Prayer and Action'


© 2014 - Distributed by THE NEWS CONSORTIUM

Pope Francis Prayer Intentions for September 2014
Mentally disabled:
That the mentally disabled may receive the love and help they need for a dignified life.
Service to the poor: That Christians, inspired by the Word of God, may serve the poor and suffering.



Comments


More U.S.

A political warning against high taxes: Northest losses 40% of its House seats Watch

Image of High taxes have dropped the population of 11 Northeastern states dramatically, cutting their number of seats in the House of Representatives by 40% since 1950.

By Catholic Online (NEWS CONSORTIUM)

The Census Bureau has reported that the Northeast is losing power in the U.S. as many citizens leave the high-tax region, heading south or west to states with lesser tax burdens. LOS ANGELES, CA (Catholic Online) - Population growth has shifted, primarily to the ... continue reading


Is Ebola here to stay? Second patient being monitored for Ebola in Dallas Watch

Image of The Centers for Disease Control and Prevention had confirmed earlier this week that a patient at Texas Health Presbyterian Hospital Dallas was the first person to be diagnosed in the U.S. with the Ebola virus.

By Catholic Online (NEWS CONSORTIUM)

A second person who had been in close contact with a person infected with Ebola is now being closely monitored in Dallas. Health officials here are treating the situation here with great seriousness, as this is the first example of an Ebola-infected person ... continue reading


How Can We Overcome Fear? Watch

Image of Perhaps we are no longer as crippled by our fears as we were when we were younger, but they still lurk in the background, robbing our freedom and preventing our human flourishing. They harm our relationships and can impede our growth.We can be set free!

By Deacon Keith A Fournier

Unable to overcome fear by our own effort, we are often overcome by it. Though we may develop coping mechanisms over time, or learn to hide the interior reactions caused by fear, inside, it can paralyze us and impede us from living our lives to the full. The ... continue reading


'Political correctness' could have cost lives in White House Security breach Watch

Image of It was later revealed that the fence-jumper made it all the way to the East Room of the White House, on the second floor.

By Catholic Online (NEWS CONSORTIUM)

"Political correctness" is a hot-button term that has come to mean irrelevance as applied to any given situation. According to Representative Jason Chaffetz (R., Utah), who sits on the House Oversight and Government Reform Committee, "political correctness" ... continue reading


Watch out Saudi Arabia! U.S. oil production expected to rapidly increase Watch

Image of A Saudi Arabian oil refinery.

By Catholic Online (NEWS CONSORTIUM)

The International Energy Agency says that U.S. production of petroleum is set to exceed that of Saudi Arabia's for the first time since 1991. A growing sign of the future of the American energy sector. LOS ANGELES, CA (Catholic Online) - The production of oil and ... continue reading


Latinos run from Obama en mass after president punts immigration reform Watch

Image of Latino activists have turned their back on President Obama after he dropped immigration reform until the midterm election.

By Catholic Online (NEWS CONSORTIUM)

President Barack Obama has bowed to worried Senate Democrats, delaying executive actions on immigration until after the midterm elections, fearing that using executive actions would make immigration reform a partisan issue which would hurt Democrats. LOS ANGELES, ... continue reading


As thousands of illegals enter U.S., who's stuck with the education bill? Watch

Image of Tens of thousands of unaccompanied minors have flooded into the U.S. during 2014 alone, mostly from South America. While they await immigration trials, schools are responsible for teaching them.

By Catholic Online (NEWS CONSORTIUM)

The large numbers of unaccompanied minors who have been illegally crossing into the U.S. from Mexico in ever greater numbers have caused American schools to scramble in an attempt to provide services. LOS ANGELES, CA (Catholic Online) - The children and teens who ... continue reading


St. Michael the Archangel, Defend Us in Battle: Pope Francis Takes on the Devil Watch

Image of

By Deacon Keith Fournier

Now the new People of God is the Church. That is the reason she considers him her protector and support in all her struggles for the defense and expansion of the kingdom of God on earth. It is true that "the powers of death shall not prevail", as the Lord assured ... continue reading


Need milk? Eggs or flower? The Post Office may have you covered Watch

Image of Amazon partnered with the USPS to provide daily grocery deliveries to people in the San Francisco Bay area, a program the USPS wants to extend to the rest of the country.

By Catholic Online (NEWS CONSORTIUM)

The U.S. Postal Service has revealed a new plan to reverse its six-year streak of billion-dollar losses, which is as ingenious as it is simple. LOS ANGELES, CA (Catholic Online) - The USPS wants to deliver your groceries to you, and the agency sent this proposal to ... continue reading


Where the buffalo roam... Native Americans plan return of free range Bison on the American Great Plains Watch

Image of Bison calves are playful and eager to roam free.

By Catholic Online (NEWS CONSORTIUM)

Buffalo are part of the American west. Across the vast prairies of the Great Plains, herds grazed and migrated, crisscrossing the open grasslands in great, thundering tides. Each year, some of these buffalo were hunted by Native Americans who used everything, from ... continue reading


All U.S. News

Newsletters

Newsletter Sign Up icon

Stay up to date with the latest news, information, and special offers

Daily Readings

Reading 1, Exodus 23:20-23
20 'Look, I am sending an angel to precede you, to ... Read More

Psalm, Psalms 91:1-2, 3-4, 5-6, 10-11
1 You who live in the secret place of Elyon, spend ... Read More

Gospel, Matthew 18:1-5, 10
1 At this time the disciples came to Jesus and said, ... Read More

Saint of the Day

Saint of the Day for October 2nd, 2014 Image

St. Leger
October 2: Leger was raised at the court of King Clotaire II and by his ... Read More

Inform, Inspire & Ignite Logo

Find Catholic Online on Facebook and get updates right in your live feed.

Become a fan of Catholic Online on Facebook


Follow Catholic Online on Twitter and get News and Product updates.

Follow us on Twitter