The controversy continues over the impact of Obamacare on rising health insurance premiums. Today, the President visits California to tout his health law in that state. As I noted last week and on Monday, California’s new subsidized insurance exchange announced prices that were nearly double those commonly found in the existing individual insurance market. In response, progressive bloggers are arguing that “rate shock” for young people is overstated, because it mainly applies to healthy people, and to those who won’t benefit from Obamacare’s subsidies. So I went back and rebuilt my quantitative analysis from the ground up, in order to address both of these points. What I found out might surprise you: The majority of participants in Obamacare’s exchanges will still pay more.
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