Public Doesn't Expect Obamacare To Reduce Premium Costs

Sep 12, 2013, 10:29 ET from HealthPocket

Opportunities Exist to Exceed Expectations on Premium Cost Growth

SUNNYVALE, Calif., Sept. 12, 2013 /PRNewswire-USNewswire/ -- Americans are skeptical that the new Obamacare marketplaces (also known as "exchanges") will help to slow the growth of health insurance costs, according to a survey released today by HealthPocket. In response to the question, "Do you believe that the new Obamacare marketplace will reduce the rate of growth for health insurance premiums," 48 percent of respondents said no, 36 percent said they were not certain and 17 percent said yes. 

The survey comes less than three weeks shy of the introduction of federal and state exchange marketplaces to consumers. While experts have been evaluating the rates that are being made public in a variety of states, October 1 is the start date for open enrollment, when consumers can evaluate the rates and make their own decisions for which health plans they will purchase to cover them in 2014. 

"Consumers are expressing low or no expectations that the Obamacare marketplaces will contain or lower their healthcare costs," said Kev Coleman, director of Research and Data for HealthPocket. "A competitive market and resulting efforts by insurers to keep costs in check, however, have the potential to prove them wrong. Only time will tell whether Americans will be pleasantly surprised."  

The nationwide survey was conducted from September 6 to September 8, 2013, and reflects 670 responses. The methodology to acquire survey respondents who approximate national statistics on age, gender, and region was implemented by Google. See the InfoPoll report to review the detailed findings.

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SOURCE HealthPocket