Countdown to the Health Insurance Marketplace
Posted by AzBlueMeanie:
The second most frequent question I receive about the Health Insurance Marketplace is when are we going to know the insurance rates in Arizona? The correct answer is October 1.
Late Tuesday, the government issued a report detailing premiums in
states whose insurance markets will be federally run starting Oct. 1, i.e., Arizona, with costs generally lower than prior estimates. The New York Times reports, Officials Offer First Detailed Look at Health Plan Costs:
The Obama administration on Tuesday provided the first detailed look at
premiums to be charged to consumers for health insurance in 36 states
where the federal government will run new insurance markets starting
next week, highlighting costs it said were generally lower than previous
estimates.
[According to data released Wednesday by the U.S. Department of Health and Human Services.]
* * *
The White House sought to focus attention on what it portrayed as the
financial advantages of the health insurance program, which is set to
start accepting customers on Oct. 1.
“I can tell you right now that in many states across the country, if
you’re, say, a 27-year-old young woman, don’t have health insurance, you
get on that exchange, you’re going to be able to purchase high-quality
health insurance for less than the cost of your cellphone bill,” Mr.
Obama said Tuesday, speaking at a health care forum in New York City
with former President Bill Clinton.
For a benchmark plan — the second-lowest-cost “silver plan,” covering 70
percent of projected medical costs for a typical consumer — the average
premium nationally will be $328 a month for individuals, the
administration said in a new report.