Dr. Stephen Parente’s July 7 Point of View piece “ Future of Obamacare bleak for North Carolinians” presented an interesting view concerning the ACA, particularly what we should expect over the next 10 years. Using his own study, Parente painted a bleak picture writing, “Data predict that the average 2017 premiums for a bronze family plan in North Carolina may jump from $8,000 to $12,500.” Big numbers and, after all, what family can afford $12,500? And that is just for the “cheap” bronze level plan!
Well, we better warn the folks who signed up for that $15,589 silver plan, because apparently 74 percent of North Carolina ACA enrollees are unaware they can’t afford what they just bought. That aside, consider also that the article insisted that after 2017 prices will spiral out of control. The data even indicate that over the full nine-year period 2015-2024, the silver plan’s year over year premium increase is 6 percent! Who can afford that?
Apparently, North Carolina can because, according to the Kaiser Family Foundation, North Carolina experienced a 6 percent growth rate in per capita health care expenditures between 1991 and 2009. The numbers speak for themselves – no point of view needed.