Obamacare to slash insurance premiums in California

crussmith2

Rookie
Mar 6, 2013
138
25
0
On the heels of today's Kaiser study showing a large drop in premiums paid by consumers since 2010 because of the profit cap on insurance companies there are now hard numbers on the insurance premiums to be offered in 2014 when the new insurance marketplaces start working. Any of those fought about 21 year olds can soon buy insurance in calif for 216.00 a month. The health insurance subsidy would bring that down to $44 if the 21 year old made 17K a year. No one in most states would pay anything for coverage if they exist below the poverty level. ... Some 5.3 million Californians may be eligible for coverage through the exchange, with more than 2.6 million of them qualifying for subsidies.
'Oregon and Washington recently posted their rates, as well. They were also lower than some had expected.
"Many people will see rates similar to what they're paying now, or in some cases, lower -- and with substantially better benefits," the Washington Insurance Department wrote in a blog post. "We're definitely not seeing the huge rate increases that some insurers had predicted."'
Obamacare premiums in California lower than predicted - May. 23, 2013
 
  • Thread starter
  • Banned
  • #4
I mentioned today's Kaiser study in passing MrTimesuck. Since you apparently only get news YOU could use from verified wing nuts go fish for any source you like on any number of studies. .
But The rates have been published for insurance in several states for the first year of Obama-care that starts in just a few months. . This is not conjecture. It is not a guess - these are the rates companies will offer under Obamacare. and since you missed the link to that info - here it is again
let me guess - Money Mag is a tool of the bolsheviki too?
Obamacare premiums in California lower than predicted - May. 23, 2013
 
'Oregon and Washington recently posted their rates, as well. They were also lower than some had expected.

Indeed. California, Washington, and Oregon are all seeing lower prices next year for a standard set of benefits (before the affordability tax credits are even applied to plan prices). The fearmongering proved to be overblown in those states.

You can add D.C. to the list.
The nearly 300 insurance plans require approval from the D.C. Department of Insurance, Securities and Banking before going on sale through a city-created exchange, but officials say a preliminary look reveals a large range of options at prices consistent with current rates.

“I feel confident based on the preliminary information that the rates are very good,” said Mila Kofman, director of the District of Columbia Health Benefits Exchange. “There is absolutely no rate shock here.”

And Colorado.
A leading Colorado consumer advocacy group has completed a detailed study of new rates to be offered on the state health insurance exchange and found the price ranges to be Goldilocks — “just right.”

The range of rates for sample mid-level insurance plans should deflate worries that expanded benefits and new mandates to cover consumers who are already sick will wildly inflate prices for the public, according to the Colorado Consumer Health Initiative. . .

“Despite doomsday predictions, the state is not seeing ‘rate shock’, so many of the choices will be affordable.”

And Vermont.
After years of anticipation, Vermont became the first state Monday to publish proposed 2014 individual health insurance rates under the federal health law. Despite Republican and insurers’ predictions, there was no “rate shock” in the new premiums, according to the Vermont governor’s office and insurance representatives.
 

Forum List

Back
Top