Individual insurance rates soar in Nevada

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Updated: 11/07/2013 10:43 pm
RENO, Nev. (KRNV & - New numbers out by the conservative think tank, Manhattan Institute, show health care premiums for individual coverage under the Affordable Care Act in Nevada is rising, not falling.  

The greatest increase is for men and it's across-the-board with a whopping 328% increase for young men, age 27, following the new law.  Prior to the Affordable Health Care Act (ACA), the average premium for a male, age 27 was $71.   Today it is $304.  Women are not seeing price breaks either in health care coverage with the highest average increase hitting older women the hardest. Prior to the ACA, the premium for a woman, age 64, was $345.  Under the ACA, the price has risen to $872 which is a 153% increase.

The numbers do not reflect the price breaks offered in the form of subsidies and tax credits to those who are eligible under Obamacare.  It's estimated some 40 percent of Nevadans will not be eligible for price breaks.  These numbers do indicate prices for individual coverage in Nevada are going up, not down.  

Valerie Clark, a health insurance expert with Clark and Associates said, "There are a lot of factors that line Nevada up to be a 'high price' state to buy insurance."   She said due to lifestyle, Nevada's population is considered "sicker" and  Nevada's population is also older.  Additionally, she notes access to health care providers can drive up prices, particularly in the rural areas where health care prices are higher.

Clark also said higher premiums for individual coverage may not be the only change.   She expects to see higher premiums for all Nevadans.  She said, "You will see that across-the-board in almost every population, whether it is individual, whether its small group plans, even large group plans will probably see some degree of rate change."
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Arn Cital - 11/8/2013 3:24 PM
0 Votes
As the pool of money increases the prices increase faster. Look at housing and education for two examples. For the Reno area there is a near monopoly by Renown. You try to tell me that they are not going to gouge as high a price as they can.

roseanya - 11/8/2013 1:40 PM
3 Votes
OK, here's THE clue: consumer driven health care is about 180 degrees opposite of ACA / Obamacare where we hunt down street people and insist they have surgery, treatment, prescriptions paid for by the taxpayers via medicaid.

roseanya - 11/8/2013 1:39 PM
0 Votes
When will the media cover CONSUMER DRIVEN hc insurance? The State went with that a few years ago and is SAVING MEGA MILLIONS--instead of employees paying a $20 copay for self and dependents for each visit, they cover the entire doctor visit--except that preventive care is insurance-paid 100%--vaccines, physicals.... AND the employer puts $700 per employee (more for seniors) and $200-$400 per dependent onto an HSA debit card--so you can pay your medical costs and RX's up to that. Then you cover up to your annual maximum of about $1900. So an employee that has a sickly year would pay $1900-700 or $1200 for illnesses, injuries, procedures.... Anyhow, the state cut costs so much that they've given "bonuses" above the $700 annual to your debit card.

roseanya - 11/8/2013 1:35 PM
1 Vote
Griffin: You "need" prenatal so you can subsidize the illegals chucking out anchor babies and the unwed moms having kids as a career.

roseanya - 11/8/2013 1:34 PM
0 Votes
So where is the quote from Senator Harry who says we're all trying to pay more money in taxes, more money, more money?

kdavis52 - 11/8/2013 12:21 PM
1 Vote
My boyfriend is frustrated at his health insurance because they're negotiators on "the best price" for procedures. He keeps asking them "do I have health insurance? What am I paying for? Doesn't seem like I have any." And get this. If you don't have insurance you pay a lower price for procedures. Why? Most medical facilities are raping the insurance companies.

BobTheBuilder - 11/8/2013 8:57 AM
3 Votes
You can thank Harry Reid for bringing us this affordable care.

Griffin - 11/8/2013 8:36 AM
2 Votes
And young men are up over 300%. Why do they need maternity, prenatal, and all that?? Everyone has to have all of those and it makes No sense for men to have it on their single policy. This fiasco has removed our right to pick and choose what parts we will need.

Nevadadad - 11/8/2013 8:27 AM
4 Votes
It's great how so many people think that if you qualify for the Obamacare subsidies, you're somehow getting something for nothing. Those subsidies have to come from somewhere too, and once again, it's the taxpayer. Notice that the administration is now saying (about the website failure) that, "If it's broke, fix it.", when they did just the opposite when they decided to throw away a health care system with flaws and replace it with one that would cost a lot more and would be filled with corruption and selective distribution. The left is also criticizing Republicans for not lending a helping hand to get the problems straightened out, when all they really want to do is have someone to share the blame with. Right now the Democrats own the whole mess, law or not.

NVMirage - 11/8/2013 7:33 AM
2 Votes
You all voted for this, now suck it up. Too bad the rest of us were screwed in the process.

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