Insurance rates in Indiana will increase 72 percent for those with individual plans and 8 percent for small group plans under President Barack Obama's healthcare overhaul, according to the state’s insurance department.
The spike in costs is due primarily to new mandates under the law, which requires insurers to cover those with pre-existing conditions and to offer a minimum level of benefits, said Logan Harrison, chief deputy commissioner with the Indiana Department of Insurance under Republican Gov. Mike Pence. New taxes and fees under the law also contributed, Harrison said.
“This new data regrettably confirms the negative impact of the Affordable Care Act on the insurance market in Indiana,” he said. “The Affordable Care Act requires many Hoosiers to purchase more comprehensive and more expensive health insurance than they may want or need. These rates call into question just how affordable health insurance will really be for many Hoosiers.”I'm not only angry with President Obama, I'm also angry at Gov. Mike Pence, who is doing absolutely nothing to stop this train wreck from happening other than to point fingers towards Washington. If he gave a damn about us, he would convene an emergency session of the General Assembly and come up with a plan to help figure out an affordable way for Hoosiers who don't have the luxury of getting insurance provided to them through their employment to obtain it. He's basically telling Hoosiers who have to purchase their own insurance that they can go screw themselves while he looks for more ways to lessen the tax burden for the top 1%.
What's clear is that the percentage of workers who get health insurance through their employers is going to continue to drop as more and more employers reduce hours or simply choose to no longer offer health insurance to their employees. The number of people holding part-time jobs in America is rising dramatically as the number with full-time jobs continues to fall. The bottom line is that there is no longer a bright economic future for most Americans. Declining wages, falling standards of living and more unemployment is what lies ahead for most Americans.