Drew Gonshorowski - The Heritage Foundation
March 23, 2017
Until recently, the House was scheduled to vote on the American Health Care Act, the GOP leadership’s proposal to repeal and replace parts of Obamacare. That vote has been postponed.
Obamacare caused premiums to rise for various reasons, chief among them being the vast new regulations the law imposed on insurance markets.
While the American Health Care Act does repeal some Obamacare regulations, it does not go far enough. The following chart provides estimates of the average impact that various Obamacare regulations have had on premiums.
Most of these averages vary state by state, depending on demographic differences.
Take the example of Oregon. While reinsurance may have driven up rates nationally, in Oregon they initially reduced premium rates by eight percent, followed by a decreasing impact from then on, lowering rates by two percent…