Iowa college announces that Obamacare will force hike in student health insurance costs
Grinnell College in Iowa announced that Obamacare requirements are forcing the college to charge students more for health insurance.
Obamacare mandates all insurance plans to offer certain benefits, such as maternity coverage and pediatric dental.
Administrators at Grinnell College in Iowa have announced that Obamacare requirements have left them with no choice but to charge students more for health insurance in the upcoming school year.
The exact amount of the hike has not been determined, but students on the current version of the plan pay $1,025 per year, according to an article in Scarlet & Black, the school’s official newspaper.
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Obamacare mandates all insurance plans to offer certain benefits, such as maternity coverage and pediatric dental.
Therefore, under the law, the college cannot offer an option to students who would rather forgo the added coverage for a cheaper plan.
Director of Student Financial Aid Brad Lindberg told the Scarlet & Black that the school plans to offer loans for students who cannot afford the increased cost.
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