Tuesday, August 20, 2013

Report: Mass. Residents Paying More, Getting Less From Health Insurance

Recall that Massachusetts is the barometer for ObamaCare. The Bay State was the first to implement ObamaCare in 2006 when it was called RomneyCare.   

This is a report from Kaiser Health News

If Massachusetts residents have the feeling they’re getting less coverage from their health insurance even though it’s costing more, there’s now evidence that they’re right.

 says Bay State premiums rose 9.7 percent between 2009 and 2011, while the value of that coverage shrank 5.1 percent.

“What we’ve seen over the last couple of years is that premiums are growing faster than inflation and at the same time, the quality of the benefit is declining,” said Aron Boros, whose state agency, the Center for Health Information and Analysis, published the report. “So you’re not only paying more, you’re getting less.”

The gap between what consumers get and what they pay is widest for individuals who buy insurance on their own and for small businesses who have fewer people to buffer the impact of health care costs. ...