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Wed April 9, 2014
Report Citing 90% Rate Increase Under ACA Called Into Question
The New Hampshire Insurance Department is disputing a report that claims a 90% spike in individual premiums under the Affordable Care Act. The report from Morgan Stanley, which has become the latest flashpoint in the political battle over Obamacare, was based on a national survey of insurance brokers.
It provided perfect fodder for opponents of the health law. New Hampshire GOP Chair Jennifer Horn said it confirmed ObamaCare as a "disaster." Republican Scott Brown, eyeing a New Hampshire Senate seat, also used the 90% figure in criticizing the law.
But only one of the 148 insurance brokers anonymously surveyed by Morgan Stanley works in New Hampshire. Delaware, which the report says is seeing a 100% increase under the law, also only had a single respondent.
In a statement, the New Hampshire Insurance Department says while individual prices can vary significantly, the average individual rate did not go up by 90%.