Tags: californian | insurance | premiums | obamacare

Some Californians Face 30% Higher Premiums Under Healthcare Law

Saturday, 30 Mar 2013 10:14 AM

By Greg Richter

The new federal healthcare law will cost some middle-income Californians 30 percent more than they currently pay in premiums, The Los Angeles Times reports.

Covered California, the state agency in charge of implementing the Affordable Care Act, popularly known as Obamacare, released figures Thursday on how much various state residents could expect to pay.

In the case of individuals with incomes of $46,000 and higher and families with incomes above $94,000 a year who have insurance, but not through their employers, rates will rise an average of 30 percent, the agency said. About 1.3 million people are expected to be affected.

Obamacare
: Massive New Rules Revealed for 2013

About 3.6 million Californians who either have no insurance currently or are low-income will benefit from the changes. Young people will see their rates rise on average, while older people will see them go down, the Times reported. But lower incomes for some young people might help offset those higher costs.

Insurers say the money for better benefits have to come from somewhere.

"All these expansions add to the already increasing cost of care,” Patrick Johnston, president of the California Association of Health Plans, was quoted in the Times.

© 2015 Newsmax. All rights reserved.

1Like our page
2Share
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved