Greenbeard
Gold Member
- Jun 20, 2010
- 7,664
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Indeed, since the value of the federal subsidies is determined by the market rate of the plans, lower prices mean lower federal spending. Which means comparing next year's premiums with the CBO's earlier estimates will be especially interesting.
Are the premiums (and thus the federal subsidies) lower than CBO thought they would be? Yes, they are!
Are the premiums (and thus the federal subsidies) lower than CBO thought they would be? Yes, they are!
The Obama administration on Thursday highlighted lower-than-expected premiums for healthcare plans sold through ObamaCare's new insurance marketplaces.
In the 11 states that have released rates for next year, premiums for a middle-of-the-road plan are an average of 18 percent cheaper than the Congressional Budget Office had expected.
The Health and Human Services Department highlighted the rate information in a new report Thursday, just as President Obama was set to deliver a speech highlighting the law's savings to consumers.
New York is the latest state to report that premiums for plans offered through its exchange would be cheaper than expected — and, on average, 50 percent cheaper than comparable policies available in the state today.
California also reported lower-than-expected premiums for the policies sold through its exchange. Although some consumers in the state will see their premiums rise, bare-bones policies are available for less than $200 per month — well below initial estimates.