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Affordable Care Act Proves Anything But – Delaware Premiums Up 100%

Affordable Care Act Proves AnythingAccording to investment bank Morgan Stanley’s recent survey of 148 US insurance brokers, health insurance premium prices are increasing dramatically thanks to the Affordable Care Act.

The survey confirms what many Americans already knew. The Affordable Care Act is anything but affordable. Across the nation, states are seeing an average of 11 percent increases in the small group market and an average of 12 percent increases in the individual market.

Other states have experienced price peaks of 10 to 50 percent higher. Delaware, formerly represented by now Vice President Joe Biden, won the rate race with a whopping 100 percent increase.Insurance rates have been seen on the rise since the beginning of 2012, but with the lead-up to Obamacare’s launch, rates simply skyrocketed.

April’s increases are the largest of any of the months surveyed in the past twelve. Morgan Stanley analysts conclude that the sharp upward trends can be laid at the feet of the Affordable Health Care Act, also called Obamacare.

Experts say that several factors are at work in Obamacare that are responsible for what Americans find sometimes cost-prohibitive; provisions which make it impossible for insurance companies to vary premiums between young and old policy holders to more accurately reflect actual cost of care, new benefit designs that require, for example, across-the-board obstetric and pediatric care for even elderly beneficiaries who are far beyond child-bearing age, new excise taxes levied on insurance plans, and finally, commercial underwriting restrictions.

According to a Forbes report by Dr. Scott Gottlieb, ten states show the largest increases in small group markts are: Washington 58 percent, Pennsylvania 66 percent, California 37 percent, Indiana 34 percent, Kentucky 30 percent, Colorado percent, Michigan 27 percent, Maryland 25 percent, Missouri 25 percent, and Nevada 23 percent.

In the same report, Gottlieb says the individual market is similarly situated with the ten most impacted states as; Delaware at 100 percent, New Hampshire 90 percent, Indiana 54 percent, California 53 percent, Connecticut 45 percent, Michigan 36 percent, Florida 37 percent, Georgia 29 percent, Kentucky 29 percent, and Pennsylvania 28 percent.

Prior to being signed into law on March 23, 2010, the Obamacare program was famously sold to the American public with the promise that healthcare would improve and premium costs would go down. Also promised were the options that Americans could keep their doctors and their health care plans if they were happy with them. To date, each of these promises has proven to be false.

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  1. Rusty Jacobs

    Apr 8, 2014 at 11:36 am

    Not only have they been proven false, but some such as “if you like your plan, you can keep it” have been proven to be outright lies.

  2. Mr. WW

    Apr 9, 2014 at 10:47 am

    Interesting. I would like to know why, out of probably 2 dozen or more pages that are talking about this, not a single one of them provides a link to the Morgan Stanley survey. Not one. In this age where everything is on the internet, it certainly seems to me that a survey such as this should be available somewhere. But if it is, I couldn’t find it.

    Now, can you handle the truth? I finally found one page with some objective information about this survey: The Fiscal Times. And guess what? The increases being reported are for those who are purchasing policies OUTSIDE of the exchanges. In other words, if you choose to go outside the system and get a policy without going through an exchange, expect to pay a lot more. Here’s a quote and a link:

    The latest survey found that states seeing the steepest price increases for off-exchange individual plans include Delaware—where off-exchange plans increased by 100 percent, New Hampshire increased by 90 percent, Indiana by 54 percent, California by 53 percent and Connecticut by 45 percent.

    Meanwhile, as Forbes noted, small group market plans increased the most in Washington by 588 percent, Pennsylvania by 66 percent and California by 37 percent.

    Meanwhile, premiums for plans purchased on the state and federal exchanges tend to have cheaper premiums than comparable employer-based plans, though they have higher deductibles.

    A report released by PwC’s Health Research Institute found that the average cost of premiums sold on the Obamacare exchanges is about $5,844 annually —or 4 percent less than the average cost of $6,119 for an employer-provided plan with comparable benefits.

    – See more at:

  3. motleyblogger

    Apr 9, 2014 at 2:21 pm


    You do realize that the moment you finished the article and stepped away from the keyboard you became a liar and a charlatan? And probably mentally deluded. How dare you quote facts gleaned from a study done by the greedy corporate ba***ds” at Morgan-Stanley. All the WH can do is pull numbers from the ether. You are not playing fair.

    And lest I forget: Mr. MW, one of your commenters, is a knee-jerk propagandist and yellow-dog apologist for the President. It’s not about the premiums, its about the total cost, the lack of choice, the diminished level of health care and the loss of personal freedom. His arguments did not address or rebut any of those real outcomes of Obamacare. He compared apples to oranges and has a fundamental lack of understanding categorical comparisons.

    • Bill Nada

      Apr 9, 2014 at 4:53 pm

      Yeah, it’s not about the premiums, that’s why the article is about premiums, and your only response to the “propagandist” is whining and name calling.

  4. A. J.

    Apr 14, 2014 at 9:00 am

    The “report” is bogus and already debunked. If rates went up 100% then surely, you would personally know that, or know someone whose rates had soared. But you don’t. Because they don’t exist. All this furor is from the Reich-wing’s Noise and Rage Machine.

    Morgan Stanley conducted a survey of insurance agents in only 34 states. In 10 states they said they talked to only ONE person. Out of 148 people interviewed, Morgan Stanley got the most responses (31) from Idaho. Got that? 21% of all survey respondents were from freakin’ IDAHO!

    Morgan Stanley never promised that this survey was based on ACTUAL insurance rate data. An independent study done by New Hampshire’s state Insurance Department found that, after you factor in subsidies in the new health care law, the average premium would actually DECREASE 8% this year.

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