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Higher Premiums in Affordable Healthcare Act

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WASHINGTON, D.C. - Tonight many of you are crunching the numbers trying to figure out how to pay for your insurance. Prices are up for most Americans. As FOX17's Kristine Frazao shows us, those prices are expected to rise. Medicine won't remedy the true cost of healthcare heartburn even after digesting the initial costs of reform. While millions may initially see insurance premiums go down, millions more are already seeing them go up. As painful as it is now, Yevgeniy Feyman, an expert on health care reform with the Manhattan Institute, sees nothing to slow the cost of greater health care expenses in the future.

If you're not screaming over insurance rates now, Feyman says you will be soon enough. Feyman and his colleagues analyzed premiums in 49 states. Factoring in taxpayer subsidies, Nevada and North Carolina are amongst the hardest hit states. What he calls an iceberg starts at a collective 41% increase across the U.S. If you think that's bad, just wait til the end of 2014.

A raw deal, Feyman says, has the potential of turning into a death spiral where costs rise so quickly no healthy person will want to pay to be covered under government health care exchanges.

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