RENO, Nev. (KRNV & MyNews4.com) - 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."