South Carolina is among the states whose residents pay the most for health care costs under Obamacare, a new survey shows.
The Palmetto State is third highest, according to the study from GOBankingRates.com, a portal for personal finance and consumer banking information.
The plans were ranked on monthly premium, deductible, emergency care copay and copay for a primary care doctor. Deductibles ranged from $1,300 in North Dakota to $6,850 in South Carolina, according to the report, while monthly premiums ranged from $181 in New Mexico to $469 in Vermont.
"Higher insurance costs in many states are tied to high costs of living or being in rural areas,” the company's Elyssa Kirkham said. “Where costs of living are high, like New York or Vermont, care is also likely to be more expensive, a cost which insurers pass to enrollees through higher premiums.”
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Kirkham said competition is another factor, with states that have fewer insurers paying more. There are four companies in South Carolina offering Obamacare plans.
The states with the highest costs under the Affordable Care Act are New York, Vermont, South Carolina, Alabama, New Jersey, Mississippi, Oklahoma, Indiana, Delaware and Wyoming, according to the study. The lowest costs were found in New Mexico, Utah, California, Texas, Pennsylvania, Michigan, District of Columbia, Hawaii, Oregon and Idaho.
To read the full report, go to www.gobankingrates.com/personal-finance/10-best-worst-states-health-insurance-costs/