Cleveland Clinic CEO: Three-Quarters Of Americans Who Signed Up For Obamacare Now Have Higher Premiums

CLEVELAND (CBS Cleveland/AP) — The CEO of the Cleveland Clinic says that a majority of Americans who signed up for Obamacare have seen their premiums rise.

“About three-quarters of them find that their premiums are higher than they had been previously with other insurance,” Toby Cosgrove told Fox News.

Cosgrove explained that the Affordable Care Act is having a “major effect” upon health care providers.

“We know for example that we’re going to get paid less for what we do,” Cosgrove stated. “Hospitals are going to be paid less for what they do. We also know that insurers are paying less for what we do.”

Cosgrove said providers need to “become more efficient” in how they deliver health care.

RELATED: Ohio and the Affordable Care Act

The White House says more than 6 million have signed up for health coverage, meaning the administration met its scaled back goal a few days early.

Those without health insurance face a fine of $95 or 1 percent of their income. was down for several hours Monday as the deadline for open enrollment loomed.

The Obama administration announced last week that some consumers will be granted additional time to sign up for health insurance if they were unable to enroll in time.

(TM and © Copyright 2014 CBS Radio Inc. and its relevant subsidiaries. CBS RADIO and EYE Logo TM and Copyright 2014 CBS Broadcasting Inc. Used under license. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. The Associated Press contributed to this report.)


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