A new study from health insurance company WellPoint finds, as did the widely criticized PricewaterhouseCoopers report commissioned by America's Health Insurance Plans earlier this month, that insurance premiums will go up if Congress passes health care reform.
It's a state-by-state analysis that looks at 14 states, finding that premiums for an average age/average health individual would rise anywhere from 19 percent to 172 percent in each state. If you average all the 14 states together, you get an increase of 92.4 percent, without weighting for population.
The report includes separate categories for low-income Americans who would receive federal subsidies, finding that, for the poorest Americans, costs would go down. It also dismisses the notion that a health insurance exchange would drive prices down, finding that any reduction in costs would be offset by the cost of running the exchange.
Interestingly enough, it finds that premiums would go down for older/less healthy individuals in all but four of the 13 states that include a breakdown for that category. Putting aside Maine, which, they say, would see a 172 percent increase in cost, premiums for older/less healthy individuals would go down six percent in the remaining 12 states.