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

If Democrats choose Rep. Keith Ellison to head up the DNC, it will ...

CAST YOUR VOTE

GET PUSH NOTIFICATIONS

SUBSCRIBE

LATEST AP HEADLINES

Trump chooses Ben Carson for HUD secretary
Judge orders Michigan recount to begin today
Gun-rights backers vow to 'go on offense' during Trump years
  North Dakota pipeline protesters vow to stay despite victory
  Mourning, memorials amid probe into fatal warehouse fire
  Italy faces political, economic uncertainty after referendum

LATEST FROM THE WEB

Is Trump giving a platform to 'white supremacists'?
The Charlotte cop charged in the death of a suspect was acquitted for good reason
Race warriors decry ‘White Jesus’
Dems, other numbskulls plot 'resistance' to election outcome
Laughing at liberals as they lose their minds

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.