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.

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