As many as 90,000 Nevadans may have their health insurance plans canceled this fall due to Obamacare, reports the Las Vegas Review-Journal.
Despite the Obama administration’s decision to delay Obamacare’s employer mandate, early plan renewals are beginning to trickle in, with premiums skyrocketing from 35% to 120% on policies set for July to December renewal.
“The increases are especially acute among employers with workforces made up of younger, healthier men. That’s because Obamacare prohibits offering lower rates to healthier groups,” reported the Las Vegas Review-Journal.
As Las Vegas insurance broker Frank Nolimal of Assurance Ltd. explained, “It’s like if there were no more safe-driver discounts with State Farm. Everybody has the same rate, whether you have three DUIs, or you’re a (nondrinking) churchgoing Mormon.”
Nolimal told the Review-Journal that business clients are already seeing dramatic rate hikes, such as workers’ monthly premiums more than doubling from $160 to $340 in June. The employer plans to have workers cover most of the cost.
Nevada’s Obamacare-induced rate spikes will “hit mailboxes in September and October–just before November’s elections,” reported the Review-Journal.