Kaiser Family Foundation study good news for ‘ObamaCare’
Posted by AzBlueMeanie:
The good news about the insurance exchange rates continues in advance of the marketplace insurance exchanges coming online on October 1. The rates have consistently been below the rates initially projected, and are even a better deal when the tax subsidy is factored in.
Think Progress reports, Major New Study On Obamacare Premiums Should End The ‘Rate Shock’ Hysteria Once And For All:
The most comprehensive study
on Obamacare to date finds that Americans’ insurance premiums under the
health law will be “lower than expected.” Many Americans will pay even
less than the top-line rates after factoring in government subsidies for
their health coverage, with some paying nothing at all for crucial
medical coverage.
The Kaiser Family Foundation (KFF) looked at individual policy prices
in the 17 states, plus the District of Columbia, that have released
comprehensive numbers for their Obamacare insurance marketplaces. Since
premiums under the law will vary based on factors such as age and
geographic location, KFF chose to examine how much the second-least
expensive “Silver” mid-level plan and the least-expensive bare-bones
“Bronze” level plan would cost for 25-year-old, 40-year-old, and
60-year-old Americans in those 17 states’ largest cities. The report
includes both the top-line prices for those demographics, as well as
what their costs would be after factoring in government subsidies based
on varying income levels.