The Lincoln Journal Star added to the annals of ‘If you like your plan you can keep your plan (Midwestern edition)” yesterday with a new report on the impact of ObamaCare on health insurance premiums in Nebraska. Thanks to the mandates in ObamaCare, most of the individual insurance plans offered in the past will no longer be available, whether consumers liked their plan or not. The replacements will be much more expensive, with cost hikes ranging from 21% increases to as much as 143%:
Nebraska Insurance Commissioner Bruce Ramge pointed out that a comparison of rates between Coventry and Blue Cross Blue Shield, the only companies of the four that offered rates in past years, showed that health insurance costs are going up for most Nebraskans.
Tom Gilsdorf, director of product development at Blue Cross Blue Shield of Nebraska countered: “An apples-to-apples comparison of 2013 health insurance costs to 2014 costs is virtually impossible,” he said. “Health insurance that will be sold to individuals, families and small businesses for 2014 is new and must cover a range of Essential Health Benefits that were not covered in the past.”