ALEXANDRIA, Va. —Another quarter of a million people in the commonwealth of Virginia will likely lose their health insurance plans by the end of the year.
Virginia’s Health Insurance Reform Commission learned on September 10 that 250,000 Virginians will receive notices their health insurance plans are being canceled as a result of the Affordable Care Act. That’s in addition to the thousands of Virginians who had already been notified over the last year their plans are no longer compliant with President Obama’s signature health care law.
“I am deeply concerned that, at a time when families are already struggling to make ends meet, another 250,000 policy holders will have to trim their budgets back even further,” Republican Delegate and Commission Chairman Kathy Byron said in a statement.
Of course, those who lose their health care plan can purchase another that complies with the ACA—but the likelihood is they’ll pay higher premiums.
The Manhattan Institute, a free-market think tank, found older men (around age 64) are the only general group benefitting from lower rates than before because of the ACA. Young men (around age 27) are suffering the most from higher premiums as a result of Obamacare, an average 67 percent monthly increase.
Kathryn Watson ([email protected]) writes for Watchdog.org, where an earlier version of this article first appeared. Reprinted with permission.