Strong NH - Obamacare Premiums and Penalties Rise in NH


MANCHESTER - As most Americans currently enrolled in Obamacare begin to select their health insurance plans this weekend, they will find they have to pay more for coverage in 2016 than they did this year. Open enrollment begins Sunday and ends January 31.

The Center for Medicare and Medicaid Services has reported that New Hampshire, like most states, will see an increase. Those Granite Stateres covered by the "silver plan," which is the second-cheapest option available on the federal exchange, will see a 5.1% premium increase.  

  • The Obama administration projected earlier this month that 10 million would obtain health insurance through the exchanges in 2016; less than half the number the Congressional Budget Office forecasted in March. According to a Fox News report, healthcare analysts have said Obamacare's sustainability depends on more paying customers signing up through the insurance exchanges. If too few customers purchase insurance, companies will have to raise rates on existing customers to ensure they have enough money to pay for healthcare.
Penalties will also be going up. The per-person charge in 2016 jumps to $695 per adult and $347.50 per child, topping out at $2,085 per family, or 2.5 percent of household income -- an increase from this year's penalty.

Derek Dufresne of Citizens for a Strong New Hampshire released the following statement; 

"This week's report from the federal government regrettably shows that Obamacare's failures will continue to hurt New Hampshire families in 2016. Premiums will increase as fewer Americans than expected enroll. Fines will go up as the federal government continues to force those those who do not want to purchase health insurance to do so.

"It is understandable why a majority of New Hampshire residents oppose Obamacare. Regrettably, Governor Hassan, Senator Shaheen, Congresswoman Kuster, and former Congresswoman Shea-Porter continue to ignore them. Instead, they stand by a law that consistently forces their constituents to stomach higher costs and bigger government."