Friday, April 4, 2014 at 6:13 PM
The state’s top insurance leader says the federal Affordable Care Act still brings a lot of uncertainty to the health care market, even with the latest enrollment numbers.
President Barack Obama and his administration touted that more than 7 million people signed up for health care coverage through the new system.
Lt. Gov. Mary Taylor, who’s also director of the state insurance department, has been an outspoken critic of the ACA. She cautions that those numbers may be off because enrollees still need to make their first payment in order to qualify. Taylor says she’s keeping a close eye on what happens in the next phase.
“We’re continuing to see premiums rise, uncertainty in the market, questions unanswered,” Taylor said. “And I think it makes it that much more difficult for individuals, of course, to make decisions about their own coverage, but of course small businesses that are trying to make decisions.”
Supporters of the ACA have said that premiums may be higher for some but not for everyone, especially when taking tax credits and subsidies into account.
The Obama administration praised the fact that people with pre-existing conditions are no longer shut out of the marketplace, another factor that previously lead to lower premiums.
Ohio insurance companies will soon be turning in their coverage plans for 2015, which, according to Taylor, will paint a clearer picture of where premiums are heading under the federal act.
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