"Obamacare" really awful?
Well, after the Californians started getting their benefits from it, along with other states, there's this news yesterday from The New York Times:
State officials estimate as many as 615,000 individuals will buy health insurance on their own in the first few years the federal health law is in effect.
Individuals buying health insurance on their own will see their premiums tumble next year in New York State as changes under the federal health care law take effect, Gov. Andrew M. Cuomo announced on Wednesday.
State insurance regulators say they have approved rates for 2014 that are at least 50 percent lower on average than those currently available in New York. Beginning in October, individuals in New York City who now pay $1,000 a month or more for coverage will be able to shop for health insurance for as little as $308 monthly. With federal subsidies, the cost will be even lower.
Supporters of the new health care law, the Affordable Care Act, credited the drop in rates to the online purchasing exchanges the law created, which they say are spurring competition among insurers that are anticipating an influx of new customers. The law requires that an exchange be started in every state.
“Health insurance has suddenly become affordable in New York,” said Elisabeth Benjamin, vice president for health initiatives with the Community Service Society of New York. “It’s not bargain-basement prices, but we’re going from Bergdorf’s to Filene’s here.”
“The extraordinary decline in New York’s insurance rates for individual consumers demonstrates the profound promise of the Affordable Care Act,” she added.
Administration officials, long confronted by Republicans and other critics of President Obama’s signature law, were quick to add New York to the list of states that appear to be successfully carrying out the law and setting up exchanges.
You know, those health insurance exchanges that Missourians and Kansans won't be getting, at least no time soon, because the Republican majorities in their respective state houses won't set them up?Just one more pesky "inconvenient truth", it seems.
That danged man in the White House.
First he presides over the stock market bouncing back and the economy improving and now this.
Disgusting, isn't it?
Link: The Obamacare Shock