It’s an open-and-shut case: Rates will go up a lot under Obamacare.
By James C. Capretta
Last month, the Manhattan Institute’s Avik Roy — joined by Lanhee Chen, Yuval Levin, and Dan Kessler — set off a firestorm by audaciously challenging the prevailing Obamacare-friendly story about what will happen to premiums when the law’s implementation begins in earnest in 2014. Specifically, Roy and the others disputed the initial news stories coming out of California, fed by state officials, which indicated that the premiums paid by state residents enrolled in the Obamacare exchange would be lower in 2014 compared with 2013. Indeed, according to state officials, the premiums charged by plans in the exchange would be an amazing 2 to 29 percent lower than comparable coverage in 2013. A true Obamacare miracle! The law’s apologists were exultant at the news, and said so in numerous columns and blog posts.
(Excerpt) Read more at nationalreview.com ...
