WASHINGTON — Young and healthy Coloradans will see a considerable spike in health care insurance costs just to buy basic coverage when President Barack Obama’s signature law goes into effect.
A no-frills plan for a 27-year-old would cost $135 a month through the state’s new insurance exchange, a 140 percent increase over what they would pay for the least expensive plan on the current market at $56, The Hill reports.
Colorado was singled out by the Washington newspaper as an example of the higher costs healthy non-smokers will pay and is based a Government Accountability Office (GAO) report detailing state-by-state costs.
Colorado Republican Rep. Cory Gardner told the Colorado Observer the GAO report is “extremely concerning” and that Obamacare should be “dismantled and replaced in its entirety.”
“When Obamacare was being debated in Congress, the biggest promise the law’s supporters made was that it would lower healthcare premiums for all Americans; unfortunately this promise is continually being broken,” Gardner said.
“With just six weeks until the health insurance exchanges are set to open, more alarming news about Obamacare’s effects on everyday Coloradans is coming to light almost daily,” Gardner said.
The success of Obamacare hinges on the willingness of younger Americans, more than one-third of the population, to buy into the costly plan in order to pay for health coverage of individuals with pre-existing conditions.
Because the insurance will become mandatory, those opting out will have to pay a substantial tax to the federal government.
The new insurance exchange established by Colorado does not consider costs when accepting insurance companies.
Colorado Republican Rep. Mike Coffman noted the higher insurance costs to his Twitter followers on Tuesday.
“The negative consequences of Obamacare are already being felt by young people in Colorado,” Coffman said.
Colorado Democratic Rep. Diana DeGette supports Obamacare and says she will hold four town hall meetings in Denver next month for her constituents to learn how the new law works.
“On October 1st, the health insurance marketplaces for the Affordable Care Act will go into effect, helping to bring access to quality, affordable health care for all Americans,” DeGette said in a statement.
“Here in Colorado, our state’s new online health marketplace, Connect for Health Colorado, will enable you and your family or small business to shop for, compare, and purchase health insurance that meets your needs and fit your budget,” DeGette said.