Paul Bedard’s article is today’s must reading. Here’s what he quoted from Sen. Lamar Alexander’s statement:

Today, a 27-year-old man in Memphis can buy a plan for as low as $41 a month. On the exchange, the lowest state average is $119 a month, a 190 percent increase.

  • Today, a 27-year-old woman in Nashville can also buy a plan for as low as $58 a month. On the exchange, the lowest-priced plan in Nashville is $114 a month, a 97 percent increase. Even with a tax subsidy, that plan is $104 a month, almost twice what she could pay today.
  • Today, women in Nashville can choose from 30 insurance plans that cost less than the administration says insurance plans on the exchange will cost, even with the new tax subsidy.
  • In Nashville, 105 insurance plans offered today will not be available in the exchange.

The title to my post isn’t catchy. It’s just sad. Bedard highlights another important point here:

The White House on Wednesday released a report on the costs of Obamacare for most Americans, heralding its interpretation that 95 percent of the nation will be able to buy health insurance premiums below “earlier projections.”

But note the words “earlier projections.” That doesn’t mean that the insurance Americans will have to buy, or be fined, under Obamacare will be cheaper than what they pay today, before Obamacare kicks in.

As we saw in the opening quotes, projections don’t mean much when the PPACA ‘sticker shock’ is that harsh. Getting a 190% increase in insurance premiums will people’s attention more than beating projections. If you asked people whether they’d rather see prices come in under projections or not having premiums increase by 97%, it wouldn’t be rare for people to say they don’t want their premiums to increase by 97%.

Finally, it shouldn’t be overlooked that Tennesseans won’t be able to purchase 105 plans that are currently available. If you give people the choice between more options or fewer options, they’ll take the more options option. Of course, not everyone thinks more choice is better:

Apparently, This administration thinks that more health insurance choices are bad and that beating projections are better than driving down prices.

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