Obamacare's Impact On Insurance According To The State

By Emma Koch

July 19, 2013 Updated Jul 19, 2013 at 5:53 PM EST

UNITED STATES (www.incnow.tv) -- Obamacare mandates will cause the insurance premiums for individuals to spike 72% and those in small group plans will see an 8% increase, according to the state's Insurance Department.

The increases are primarily due to a requirement that insurance companies cover those with per-existing conditions and to offer a minimum level of benefits.

New taxes and fees under the law are also to blame. The average cost for an individual plan will go from $255 a month to $570 a month when the law goes fully into effect.

The U.S. Department of Health & Human Services disputes the state's statistics, saying the insurance department's scenario is an unrealistic.

HHS says Indiana's insurance department's numbers are an average across all plans, framed in a option not available for consumers.

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