Analyst disputes claim Obamacare will slash premiums

Friday, July 19, 2013
 | 
Chris Woodward (OneNewsNow.com)

An author and senior fellow is speaking out against claims that ObamaCare is cutting premiums in New York by 50 percent. 

Poll vote buttonAvik Roy of the Manhattan Institute says the New York Times started the claim of a 50-percent drop in premiums, which Roy calls misleading.

The claim has since been picked up by other news outlets and special interest groups, and by President Obama.

Roy

New York has “by far the most expensive health insurance premiums in the country,” Roy tells OneNewsNow.

Why?

“Because in 1992 (former Governor) Mario Cuomo enacted a law that destroyed the market by overregulating it and driving insurers out of the system, a lot of the things that Obamacare will actually do going forward,” says Roy.

Meanwhile, Roy says the government agency that gave the New York Times those numbers did not make an exact “apples-to-apples” comparison.

"They exaggerated the amount of reductions that you'll see,” he explains. “There will be some in New York, but at the end of the day, what you're going to see is that premiums in New York, even after Obamacare, will be still among the costliest in the country."

Roy spelled out his dispute with the New York Times story in his own article at Forbes.com. 

Earlier this year, Roy said that premiums in California would rise between 64 and 146 percent, something that drew a lot of objections from liberal economists and publications.

He says he stands by that claim.

We moderate all reader comments, usually within 24 hours of posting (longer on weekends). Please limit your comment to 300 words or less and ensure it addresses the article - NOT another reader's comments. Comments that contain a link (URL), an inordinate number of words in ALL CAPS, rude remarks directed at other readers, or profanity/vulgarity will not be approved. More details

SIGN UP FOR OUR DAILY NEWSBRIEF

SUBSCRIBE

VOTE IN OUR POLL

What's your reaction to the growing need for churches to have security teams/plans in place?

CAST YOUR VOTE

GET PUSH NOTIFICATIONS

SUBSCRIBE

LATEST AP HEADLINES

Trump says he and Mexican leader discussed wall, not payment
Texas, other states file to support NC's restroom law
US appeals court tosses out $654 million verdict against PLO terrorists
  Hurricane warning downgraded for Hawaii's Big Island
  At Lake Tahoe, Obama links conservation to 'climate change'

LATEST FROM THE WEB

Hillary cartoonist fires back at racism claim
No-loitering policies are welcomed by residents in high-crime areas
IRS doesn’t tell 1M taxpayers that illegals stole their Social Security numbers
Elderly woman beaten, set on fire in black-on-white attack
Chicago’s murder rate spirals out of control

CARTOON OF THE DAY

Cartoon of the Day

REASON & COMPANY

NEXT STORY
Keystone-related jobs a ‘blip’? Really, Mr. President?

An energy research organization finds Barack Obama's latest comments on the Keystone XL pipeline "troublesome." Those same comments also have raised the hackles of the Canadian company proposing the pipeline.