Rate Shock Probably Affects Less Than 1 Percent of the Country

Facts matter: Sign up for the free Mother Jones Daily newsletter. Support our nonprofit reporting. Subscribe to our print magazine.


How many people are subject to rate shock in the individual insurance market thanks to Obamacare? That’s a surprisingly hard figure to get a handle on. But here’s a rough cut:

  • There are about 15 million people who currently get individual coverage.
  • Of that, only about 5 million stay in the individual market for more than a year. The rest have individual coverage for only a few months and are minimally impacted by policy cancellations.
  • At a guess, maybe a third of these long-term buyers will end up with higher rates for comparable policies once they’ve shopped the exchange and applied their subsidies.

So that’s a grand total of perhaps 1-2 million people. It’s a lot. At the same time, it’s less than 1 percent of the population of the country. I don’t want to minimize the pain that higher rates are causing this 1 percent, but at the same time, we shouldn’t be overreacting either. Given the kludgy nature of our current health care system and the realities of American politics, it would be hard to design any kind of large-scale health care reform that did much better.

THE TRUTH...

is the first thing despots go after. An unwavering commitment to it is probably what draws you to Mother Jones' journalism. And as we're seeing in the US and the world around, authoritarians seek to poison the discourse and the way we relate to each other because they can't stand people coming together around a shared sense of the truth—it's a huge threat to them.

Which is also a pretty great way to describe Mother Jones' mission: People coming together around the truth to hold power accountable.

And right now, we need to raise about $400,000 from our online readers over the next two months to hit our annual goal and make good on that mission. Read more about the information war we find ourselves in and how people-powered, independent reporting can and must rise to the challenge—and please support our team's truth-telling journalism with a donation if you can right now.

payment methods

THE TRUTH...

is the first thing despots go after. An unwavering commitment to it is probably what draws you to Mother Jones' journalism. And as we're seeing in the US and the world around, authoritarians seek to poison the discourse and the way we relate to each other because they can't stand people coming together around a shared sense of the truth—it's a huge threat to them.

Which is also a pretty great way to describe Mother Jones' mission: People coming together around the truth to hold power accountable.

And right now, we need to raise about $400,000 from our online readers over the next two months to hit our annual goal and make good on that mission. Read more about the information war we find ourselves in and how people-powered, independent reporting can and must rise to the challenge—and please support our team's truth-telling journalism with a donation if you can right now.

payment methods

We Recommend

Latest

Sign up for our free newsletter

Subscribe to the Mother Jones Daily to have our top stories delivered directly to your inbox.

Get our award-winning magazine

Save big on a full year of investigations, ideas, and insights.

Subscribe

Support our journalism

Help Mother Jones' reporters dig deep with a tax-deductible donation.

Donate