Health insurance costs skyrocket in Tulsa, study shows [Tulsa World, Okla.]
|By Wayne Greene, Tulsa World, Okla.|
|McClatchy-Tribune Information Services|
Both numbers were higher than the national average and well above increases seen in
"Clearly these trends are unsustainable," said
Two key reforms of the law -- the creation of health insurance exchanges in every state to give consumers the power of economies of scale and legal limits on the amount of premium revenue that can go to administrative costs and profits -- are part of the equation that could reverse future insurance costs, she said in a Tuesday teleconference with reporters.
Oklahoma Insurance Commissioner
"Unfortunately, thanks to Obamacare, the recent rate increases are only the beginning of the price hikes," Doak said in a prepared statement for the
By 2014, health insurance rates could increase an additional 30 percent to 40 percent because of new premium taxes, underwriting reforms, reinsurance costs and benefits mandate increases, he said.
"This forecast is definitely a bad omen of what's to come with respect to affordable health insurance," Doak said.
The study also indicates that the portion of insurance costs being passed on to workers is rising quickly.
The out-of-pocket costs to a
Nationally, the average family premium increase was 61 percent and the out-of-pocket increase for employees was 69 percent.
While not as sharp, the study also found that the cost of employer-provided insurance to individuals also rose substantially in the period.
(c)2012 Tulsa World (Tulsa, Okla.)
Visit Tulsa World (Tulsa, Okla.) at www.tulsaworld.com
Distributed by MCT Information Services