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Thursday, March 21, 2013
OKLAHOMA CITY – A new congressional report confirms that the Affordable Care Act (ACA) will not only fail to make healthcare more affordable as promised, but may increase health insurance premiums by as much as 200 percent for some Americans.
“For this very reason, I have made my opposition of Obamacare very clear,” said Oklahoma Insurance Commissioner John D. Doak. “This report confirms the conclusion that many industry experts and leaders came to years ago - Obamacare is a costly mistake. My mission is to stand up for the people of Oklahoma, deliver the facts and unveil the falsehoods behind Obamacare.”
The report is based on a study conducted by three congressional committees and points to several factors that will directly raise insurance premiums. The most costly requirements, set to go into effect in 2014, include:
“Some states have already put into effect similar requirements on health coverage and have all seen the results of fewer choices and higher premiums,” continued Doak. “Obamacare has promised to make health care more affordable and it is once again abundantly clear that this law will not follow through with that promise.”
The ACA, as declared in this report, will have the most severe impact on Americans aged 21 to 29, with their premiums set to rise by an average of 189 percent. The report, “The Price of Obamacare’s Broken Promises,” was prepared for the House Committee on Energy and Commerce, Senate Committee on Finance and Senate Committee on Health, Education, Labor and Pensions.
About the Oklahoma Insurance Department
The Oklahoma Insurance Department, an agency of the State of Oklahoma, is responsible for the education and protection of the insurance-buying public and for oversight of the insurance industry in the state.
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