(Reason) – From the earliest days of Barack Obama’s presidency, much of the debate about the Patient Protection and Affordable Care Act—the health care law known as Obamacare—has revolved around questions of cost.
A November 2013 analysis of individual market rates under the law by Avik Roy of Forbes and the Manhattan Institute suggests that the majority of states have seen premium hikes under the law. Insurance industry sources have already warned that in many states, rates next year will be far higher still.
The law’s system of health insurance subsidies will offset some of the increase. But given how common cost concerns already seem to be amongst those choosing to remain uninsured, it seems unlikely that they will fully insulate lower-income individuals from higher premium costs.