Mandates to cause rise in health insurance costs

By Mike Miller

Jun 23

Michael F. Cannon of the Cato Institute points out that health insurance premiums will be going up between 1 and 7 percent for Americans thanks to the new health care law:

All told, ObamaCare’s unlimited-coverage mandates will increase the premiums of affected consumers by an average of about 1 percent, and as much as 7 percent for some consumers.  Or maybe more: the administration acknowledges that a “paucity of data” about the impact of these mandates means that there is “tremendous,” “substantial,” and “considerable” uncertainty about the mandates’ costs.

Yet another reason to be thankful for the health care sharing ministry exemption.