WASHINGTON DC - Enrollment in Obamacare’s health insurance exchanges has proven to be a somewhat difficult process amidst technical glitches and delays. Aside from the issues associated with actually purchasing health care, once an individual gets a quote for health insurance on an exchange, is the premium higher or lower than before?
Heritage Foundation's research finds that for many states, the insurance on health exchanges will cost more than existing insurance. The study illustrates that the general experience for individuals shopping on the exchange is that of increasing premiums from what was available to them prior to implementation of the exchanges. Many families and individuals will face this reality as they apply for coverage, and the implications of experiencing sticker shock are important to consider if enough people choose not to sign up for coverage for various reasons.
While five states show their rates lowering, Heritage found that Illinois' health care monthly insurance rates will go up 114 percent for adults age 27, and 42 percent for adults age 50.