The Secretary of HHS has finally (!) confirmed that because of the ACA rates will go up:
“These folks will be moving into a really fully insured product for the first time, and so there may be a higher cost associated with getting into that market,” she said. “But we feel pretty strongly that with subsidies available to a lot of that population that they are really going to see much better benefit for the money that they’re spending.”
This should surprise no one. When you force insurers to provide more coverage, rates will go up. And by subsidies, Sebelius is referring to tax-payer dollars redistributed to health insurance costs. These subsidies do no materialize out of the ether. No so Affordable.
Though the greatest cost will come from the fact that the mandate was not high enough, and young, healthy people will continue to pay the penalty/tax rather than purchase insurance. With community rating and guaranteed issue, there is every reason to wait till the coverage is needed. As I talk about in my book, the Roberts opinion dealt ObamaCare a mortal wound, that will take some time to bleed out.