Anthem Ohio health insurance rates could double…or even quadruple if overhaul legislation is passed, according to a recent Wall Street Journal article. Wellpoint Inc., the nation’s largest health insurer and parent company of Anthem ( View details here) published a report that said Ohio’s health insurance rates would more than double for average individuals and nearly QUADRUPLE for younger healthier people. Wellpoint also said that 70% of small businesses would also pay higher prices if the new proposed legislation is enacted.
Wellpoint derived its data from 14 states (including Ohio) that have Blue Cross plans and studied the impact of the main changes under consideration. They said rates (view here) would increase for individuals of average age and health, with younger customers seeing the largest increases.
Currently, Ohio health insurance rates are among the lowest in the country. The Cincinnati, Dayton and Columbus areas enjoy some of the lowest rates in the state. But current reform proposals threaten to substantially increase rates, and possibly force Ohio residents to purchase coverage they don’t want (if the “public option” is included in legislation).
You can view the entire Wall Street Journal article online.
UPDATE: January 2012 So far, rates haven’t doubled, but we may find out within the next six months. The Supreme Court will be ruling on the legality of many portions of the new health care legislation. Stay tuned!
UPDATE: September 2012 The Supreme Court did rule in favor of the mandate which taxes Americans if they do not purchase coverage in 2014.Tags: Anthem Health Insurance Rates In Ohio, Anthem Ohio Rates, Lowest Anthem Rates In Ohio, Online Anthem Ohio Quotes Posted by