WASHINGTON – The White House reported Wednesday that insurance premiums in the new Health Insurance Marketplace will be lower than what experts initially projected.
As part of the Affordable Care Act (ACA) – sometimes called Obamacare – the Health Insurance Marketplace opens for business on October 1st. Inside the Health Insurance Marketplace, individuals, families, and small businesses will be able to shop for health coverage. The ACA requires insurance companies to cover people with pre-existing health conditions and makes it illegal for health insurance companies to arbitrarily cancel health insurance policies. Coverage begins in January.
The White House said Wednesday that “the Marketplace will give uninsured Americans access to affordable health insurance” and that a report has found that “average premiums are even lower than experts initially projected.”
The national average premium for the benchmark plan will be $328 a month before subsidies, 16% less than projected by the Congressional Budget Office.
In Iowa, for example, there will be an average of 39 plans available to choose from. The lowest cost premiums after tax credits for a 27 year-old with an income of $25,000 will be $96 per month, the White House said. Mid-range plan premiums for a family of 4 will cost am average of $683 per month.
I think Obama care will be a good thing. There will be millions of people who are not covered by insurance that will now be covered. How can that be a bad thing?
It’s not a “bad” thing so long as you are not an employee with your hours cut, you lose your coverage, or you are self-employed and your premiums soar and deductible quadruples.
It is all about whom gets to pay for the “coverage” of others not covered previously.
All this could have been fixed long ago if Congress kept its sticky political hands off the process and true solutions had been sought – perhaps through some stand-alone group charged with coming up with a real voter/taxpayer friendly solution.
@Rodgers-I am willing to bet that the millions you think will sign up will not happen. I seriously doubt that they are going to get enough people in on this. If they can’t afford it now, they can’t afford Obamacare and they just won’t sign. We will end up spending millions trying to police a dead plan that should never have been implemented.
IRS in charge of OSAMACARE – just another federal control of the sheeple – buddy of mine went to the cerro gordo county courthouse to renew his license plates on his car – GUESS WHAT ?? he could not renew his license plates (Work car)until he paid his IRS back taxes – so now he is bumming rides and cycling- says he will probably lose his job because he can’t get to work – think again if you don’t think socialism has arrived – UPDATE WHEW! just talked to him and he’s happy as hell- said if he loses his job him and his family can go on welfare and recieve free health care – said when this happens he will make 15,000 more per year than when he was working – says he wants to become one of the front porch retirees. WHO SAYS YOU CAN’T STEP IN A PILE OF CRAP AND COME OUT SMELLING LIKE A ROSE ???
It’s amazing the level of cognitive dissonance you repubs can conjure with health care.
From the republican platform “We believe that taking care of one’s health is an individual responsibility.” (http://www.gop.com/2012-republican-platform_renewing/)
Now these “poor people”, who repubs are trying their darnedest to remove “entitlement” benefits from (because apparently eating is an entitlement) are going to have to cover some, and a few cases all, of their health care costs. Seems this is a great way for them to take some “personal responsibility”.
The infighting present in the republican party currently between the Tea Party wackos and the “reasonable” side of the party is going to tear it to pieces. I look forward to the 2016 elections when enough of these obstructionist wackos are voted out (looking at you Steve King) and replaced.
@Calvin-Once again when you can’t defend your great pretender in the white you attempt to divert the subject buy putting the blame for Osama Obama’s mistakes and lies on the Republicans. When are you going to stand up and admit you have voted in the worst president this country has ever seen.
actually he didn’t vote for the worst president in the history, he voted for a terrorist to take over the government.
I actually never even mentioned Obama.
I realize you are just trying to troll as hard as you can, and kudos for using the most inflammatory rhetoric possible, without addressing my point.
What I was trying to point out was the glaring hypocrisy of wanting people to be “personally responsible” and then complain about poor people having to pay for health care coverage. To be fair, it was Watchdog who posted about this subject, so my post was mostly directed towards them.
The scary thing is I think you might not actually be trolling. If that is the case it’s a clear example of why the Republican party is imploding.
Calvin, you must stop lying. The Republicans (which I am not) are not trying to take anything away from poor people. That is not the Republican’s agenda and NEVER has been.
You are spewing political BS and tearing our country down at the same time. When will the left’s hate and lying stop?
There are more people being hurt by this socialist health program then it will ever help. By the latest count there over 300+ company’s that have cut employees hours. That faucet has just barely been opened. Just wait!
You Democrats have hurt this economy and all but killed patriotism. We should be much better off but the last 5 years has been nothing but a HUGE DEMOCRAT ROADBLOCK TO PROGRESS! Wake up!
If you lefty’s did not have a corrupt media helping spread your lies America would not be in the trouble it is in. You have created a country full of Sheeples as some fellow says.
You and your whole bunch of insane Democrats have really went off the deep end this time.
This is far from over and the fall out will not be pretty!
Well, now that the White House has come out and said this, this MUST be true. The Sheeple will feel much better now. We can all rest easy. Thank God!
What I don’t understand is that he has been caught in so many lies yet people still believe him. The only time he probably told the truth is when he told the leader of some other country that he hasn’t had a cigarette in over 6 years, the true part of that is that he said that he was afraid of his wife.
One of the biggest hoaxes ever. These premium quotes are far from “actuarial” correct.
Quote: “The national average premium for the benchmark plan will be $328 a month before subsidies.”
Does anyone believe that $328/month will buy decent health care coverage? Really?
$96/month for poor folks who can’t afford health care. What a crock. They were getting it free before under the system we had. Now they say the poor will pay $96 and the working man pays the other $232 for welfare/healthcare. I don’t believe that one, either.
Wake up folks and speak up! Obamacare is screwing up the best health care in the world and we are helpless.
I really can’t believe 300 million people have stood by and let themselves get screwed so badly, and without even a kiss. OMG!
I was injured in Iraq so I am on disability and my son is autistic. My son is on medicare and I was just notified that his medication as of dec 1st will no longer be covered, I want to give a huge thank you for those responsible.
Will Obamacare help you??
Yep. That is what the reports from the worst and most unprofessional administration this country has ever had says. Now, if you listen to independent reports you will hear a completely different report. The administration lives by the rule “if you can’t succeed you can always lower your standards and lie about it”.