Insurance premium prices in question with new health care increa - 21 News Now, More Local News for Youngstown, Ohio -

Insurance premium prices in question with new health care increase

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COLUMBUS, Ohio - Some Ohio officials are pointing a finger of blame at The Affordable Care Act for a projected giant increase in health care costs.

The Ohio Department of Insurance has released figures that show health care costs going up by 88 percent among insurers who will participate in the new insurance marketplace created by President Obama's health care law.

"I think anybody who currently has health coverage certainly needs to be well informed and prepared for next year with the recent rates and costs that we've seen at the department and on plans filed on Friday, we're expecting that 88% increase and I think it's going to be shocking to many people that premiums are going up that high," says Lt. Governor Mary Taylor.

The review examined the cost to insurers to provide the required benefits in the exchange.

How much individual insurance premiums will cost consumers is still not clear.

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