The good news is that responsible budgeting has put our state in a fairly unique position: Nearly 91?percent of Wisconsin residents have health insurance. According to the latest nationally available data, only three states have higher rates of coverage.
The bad news is that, from a practical standpoint, Obamacare will devastate Wisconsin. An actuarial study commissioned by my predecessor, a Democrat, and completed last year found that if Obamacare is implemented in Wisconsin:
? 100,000 people will be dropped by their employer-sponsored health insurance;
?59 percent of people who buy their own health insurance will experience an average premium increase of 31 percent;
?150,000 people will stop buying health insurance in the private sector and will instead become dependent on the government and taxpayers;
?Between 2014 and 2019, Obamacare could cost Wisconsin taxpayers $1.12 billion; after all federal aid and tax credits are applied, the state’s portion of the bill will be $433 million; and
?Approximately 122,000 parents, caretakers and pregnant women with an income of more than 133 percent of the federal poverty level will no longer be eligible for Medicaid.
It’s important to go beyond these facts and understand what they really mean for those of us who live in the Badger State. Young people will be hit hard with premium increases. Those between 19 and 29 years old who have individual insurance will experience an average premium increase of $1,631 per year. A family of four that does not qualify for a subsidy can expect a 28?percentincrease — from $8,528 to $10,912. For those who are covered by the small-employer group market, the average premium increase will be 15 percent.