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ah shucks....Obamacare Premiums Report Shows Low Prices For Uninsured

phlatsphilphlatsphil Posts: 14,632 AG
Sorry to disappoint Ted Cruz...

Obamacare Premiums Report Shows Low Prices For Uninsured With Wide Variation

The average price for basic health coverage purchased on health insurance exchanges created by President Barack Obama's health care reform law will be $249 a month, not counting subsidies, in 48 states reviewed by the Department of Health and Human Services, according to a government report published Wednesday.

The health insurance exchanges, marketplaces for uninsured people and consumers who don't get health benefits from their employers, are scheduled to launch on Oct. 1 for an enrollment period that runs through the end of March for 2014 coverage. This latest analysis of what the health insurance plans will cost comes just six days before people will be able to find out what they'll actually pay.

"For millions of Americans, these new options will finally make health insurance work within their budget," Health and Human Services Secretary Kathleen Sebelius said during a conference call with reporters Tuesday. Reporters were provided access to the report prior to its publication.

The figures released by the Department of Health and Human Services represent averages and prices will vary widely by geographic location as well as family size, age, tobacco use and income. Even the average price of a so-called bronze plan, designed to cover 60 percent of medical expenses not counting monthly premiums, masks big variation. The average price of the cheapest bronze plan in Minnesota is $144 while in Wyoming, comparable coverage costs $425 on average, not including subsides.

For people who currently are uninsured and who qualify for financial assistance or enrollment in Medicaid, the federal-state health program for the poor, the average prices look to be low: 56 percent of uninsured will be able to get coverage for less than $100 a month per person, Gary Cohen, director of the Center for Consumer Information and Insurance Oversight, said during the conference call.

The report cited examples of families and individuals who could qualify for subsidized coverage that would greatly reduce its cost, and Cohen said some low-income people will even be able to obtain a bronze plan with no monthly premium because of the subsidies.

A 27-year-old in Dallas who earns $25,000 a year will be able to purchase a bronze plan for $74 a month, including federal tax credits to discount the price. A family of four in Dallas with a $50,000 household income could choose a bronze plan for as little as $26 a month, including the subsidies. A family of four earning $50,000 a year purchasing the least expensive bronze plan would pay $36 a month in Charlotte, N.C., $32 a month in St. Louis and $24 a month in Ft. Lauderdale, Fla., including subsidies.

Premiums for the cheapest silver plan on 36 state-based health insurance exchanges the federal government is at least partially managing are 16 percent lower than originally projected by the Congressional Budget Office, Cohen said.

Prices for some people who already buy their own insurance will rise above today's level, however, largely because the health care reform law doesn't allow insurance companies to exclude people with pre-existing conditions, guarantees a minimum benefits package, doesn't allow women to be charged more than men, and limits how much more older people must pay. The current market favors healthier people, but is more challenging for older and sicker people, who often can't find coverage.

Less than 4 percent of people who currently have health insurance are only covered by insurance they buy directly, as opposed to getting it through work or from a government program like Medicare. While some of these people will qualify for financial assistance, some will see higher sticker prices for coverage.

The Obama administration and the states cooperating with implementation of the health law, and some independent analysts, maintain that's why prices on today's individual market for health insurance can't accurately be compared with the cost of plans sold on the exchanges.

"There have been a lot of products on the market where people thought they had health insurance, but then they found out it didn't cover hospital visits, for example," Cohen said. Improved benefits and consumer protections in exchange plans make them more valuable, he said.

"People will have high-quality coverage that will cover essential health benefits, that will be there when they need it, and the rates they will have to pay for those plans are reasonable and good rates, particularly after the application of tax credits, when they are extremely reasonable," Cohen said.

The health care law provides tax credits on a sliding scale based on income. People earning from the federal poverty level, which is $11,490 for a single person this year, to four times that amount, or $45,960, may be eligible for financial assistance. The value of the tax credit is tied to the second-cheapest silver plan where a person lives. People who earn up to 250 percent of poverty can get extra help covering their out-of-pocket expenses. In about half the states, Medicaid benefits will be available to anyone who makes up to 133 percent of poverty, which is $15,282.

Health insurance sold on the exchanges is categorized by metal levels from bronze to silver to gold to platinum, denoting how generous their coverage is. Lower-end plans generally will have lower monthly premiums, but higher out-of-pocket costs, while higher end plans will have higher premiums and less out-of-pocket spending. People younger than 30 or who can't afford insurance even with subsidies can opt for high-deductible catastrophic plans that aren't eligible for tax credits. Nearly all legal U.S. residents are required to obtain health coverage or face a tax penalty under the law's individual mandate.

http://www.huffingtonpost.com/2013/09/25/obamacare-premiums_n_3984979.html
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Replies

  • NewberryJeffNewberryJeff Posts: 7,447 Admiral
    Drink up son, that Kool Aide tastes good.
  • FlashFlash Posts: 12,220 AG
    Well I am happy for the uninsured, but the insured folks get screwed.
    [SIGPIC][/SIGPIC]

    Never seem more learned than the people you are with. Wear your learning like a pocket watch and keep it hidden. Do not pull it out to count the hours, but give the time when you are asked. --- Lord Chesterfield
  • ParkerboyParkerboy Posts: 7,045 Admiral
    Let me see, this is from the Dept. of Human Services which is headed by an Obama appointee. Don't think their might be some politics in this report do you?

    I will wait to see what an independent group analyzes this program. I don't believe anything any governmental agency espouses regardless of it being headed by Democrat or Republican.
    Deo Vindice
  • White DogWhite Dog Posts: 5,343 Officer
    Lie.
    The White Dog.........R.I.P..........1996 - June 2nd, 2011
  • Big BatteryBig Battery Posts: 21,882 AG
    so...who is paying for the subsidies?
  • rickcrickc Posts: 9,172 Admiral
    White Dog wrote: »
    Lie.


    What is a lie?

    Have you checked out the website.above?

    Or do you believe the whole thing is a lie?

    Just curious what you are.thinking
  • ac2020ac2020 Posts: 5,730 Officer
    White Dog wrote: »
    Lie.

    And so has been all the speculative lies against Obamacare.

    All we have now is speculation from corporate media either for or against it. You guys believe whichever your side feeds you.

    And people who have a real desire for just the **** truth are left out in the cold.
    The only time republicans and democrats are right is when they're blaming each other. :USA
  • rickcrickc Posts: 9,172 Admiral
    so...who is paying for the subsidies?

    My understanding is it will be a tax break


    http://101.communitycatalyst.org/aca_provisions/subsidies
  • ParkerboyParkerboy Posts: 7,045 Admiral
    rickc wrote: »
    My understanding is it will be a tax break


    http://101.communitycatalyst.org/aca_provisions/subsidies

    Which means those of us who actually pay taxes will be paying for it as always.

    I long for the days when everyone was required to be responsible for them self but, alas I fear those days are gone forever.
    Deo Vindice
  • rickcrickc Posts: 9,172 Admiral
    Parkerboy wrote: »
    Which means those of us who actually pay taxes will be paying for it as always.

    I long for the days when everyone was required to be responsible for them self but, alas I fear those days are gone forever.

    You may not realize it but you have been paying for the uninsured health care all along

    Now everyone contributes to the pot. You may not like how it is being split up. But it is what it is
  • NewberryJeffNewberryJeff Posts: 7,447 Admiral
    Parkerboy wrote: »
    Which means those of us who actually pay taxes will be paying for it as always.

    I long for the days when everyone was required to be responsible for them self but, alas I fear those days are gone forever.

    You're operating under the assumption that these liberals understand where the government gets its money. They think subsidies and entitlements are gifts from their overlords.
  • NewberryJeffNewberryJeff Posts: 7,447 Admiral
    rickc wrote: »
    You may not realize it but you have been paying for the uninsured health care all along

    Now everyone contributes to the pot. You may not like how it is being split up. But it is what it is

    Not true.
  • T HowardT Howard Posts: 1,658 Captain
    Lets look at some Florida numbers...
    TALLAHASSEE, Fla. —

    Newly-released data shows that the average premium for a mid-range health insurance plan in Florida under the federal health overhaul is $328 a month.

    The data released Wednesday by the U.S. Department of Health and Human Services shows that the average premiums in Florida track closely with the national average.

    Compared to estimated premiums in other states, Florida's estimated premiums fall squarely in the middle.

    But the data shows there's some variation based on where one lives.

    Before tax credits kicked in, premium estimates were highest in Orlando and lowest in West Palm Beach and Tampa.

    Copyright the Associated Press.

    http://www.wftv.com/news/news/local/feds-release-health-overhaul-plan-costs-fla/nZ6xG/
  • NewberryJeffNewberryJeff Posts: 7,447 Admiral
    It seems all of these premiums are "estimated."
    Just as the estimated cost of Failcare to the taxpayers will be up to $2.6 trillion. When the .gov gives an estimate, you can triple it.
  • T HowardT Howard Posts: 1,658 Captain
    phlatsphil wrote: »
    The average price for basic health coverage purchased on health insurance exchanges created by President Barack Obama's health care reform law will be $249 a month......a so-called bronze plan, designed to cover 60 percent of medical expenses not counting monthly premiums,

    $249 for a 60/40 plan? You actually think this is good? Medicare is an 80/20 and most have to buy a supplement. Someone who has a serious illness/injury and ends up with a $50k bill is not going to be able to pay the $20K. Bend over tax payers, you now get to ensure the profit of insurance companies and pay the medical bill.....
  • nuevowavonuevowavo Posts: 6,847 Admin
    I'm already subsidizing those of you who receive health insurance as a benefit from your employer.
    Let's be fair and end that subsidy, as well.
    Federales, bring my baby back to me!
  • White DogWhite Dog Posts: 5,343 Officer
    nuevowavo wrote: »
    I'm already subsidizing those of you who receive health insurance as a benefit from your employer.

    You're going to have to explain that one to me.
    The White Dog.........R.I.P..........1996 - June 2nd, 2011
  • T HowardT Howard Posts: 1,658 Captain
    nuevowavo wrote: »
    I'm already subsidizing those of you who receive health insurance as a benefit from your employer.
    Let's be fair and end that subsidy, as well.

    That is actually a good idea but party politics would block it. COBRA is a nightmare for folks who lose their jobs.
  • rickcrickc Posts: 9,172 Admiral
    I thonk getting the employer out of health care is a great idea

    Let everyone buy their insurance on the exchange

    Let everyone realize what health insurance really cost

    See what American's reaction is to that

    I think it might result in some accountability on cost of health care
  • LonghaulLonghaul Posts: 1,745 Officer
    Drink up son, that Kool Aide tastes good.

    It's that agent orange kicking in from nam. Phil loves him some Barack obama
  • ParkerboyParkerboy Posts: 7,045 Admiral
    nuevowavo wrote: »
    I'm already subsidizing those of you who receive health insurance as a benefit from your employer.
    Let's be fair and end that subsidy, as well.

    YOU are not subsidizing benefits received from our employers, our employers are subsidizing it as part of our compensation package. We have discussed terminating healthcare benefits to hourly employees and paying them the amount we contribute presently.

    Until Obamacare shakes out we can not determine what is in the best interest of the employees and the company. I have our benefits director studying it with outside consultants but no one knows the truth of how Obamacare will work and at what price and we have roughly 20K employees in the U.S.
    Deo Vindice
  • T HowardT Howard Posts: 1,658 Captain
    Parkerboy wrote: »
    Until Obamacare shakes out we can not determine what is in the best interest of the employees and the company. I have our benefits director studying it with outside consultants but no one knows the truth of how Obamacare will work and at what price and we have roughly 20K employees in the U.S.

    If you have any concentration of employees, the Rosen Hotel concept is interesting. That along with a 60/40 plan that has an out of pocket max of 5-7k would be an enticing benefit....
  • White DogWhite Dog Posts: 5,343 Officer
    Parkerboy wrote: »
    YOU are not subsidizing benefits received from our employers, our employers are subsidizing it as part of our compensation package. We have discussed terminating healthcare benefits to hourly employees and paying them the amount we contribute presently.

    Until Obamacare shakes out we can not determine what is in the best interest of the employees and the company. I have our benefits director studying it with outside consultants but no one knows the truth of how Obamacare will work and at what price and we have roughly 20K employees in the U.S.

    With that amount of employees, I'd be very interested after it all shakes out, what kind of cost was incurred.
    Keep it simple and just use the bottom line from before ocare and after ocare. And if your employees incurred extra costs.

    That would give a picture that the Gov isn't showing.
    If I was a betting man, I would bet that your costs will be up for both your company and the employees.
    Bet the level of care will be the only thing going down.
    The White Dog.........R.I.P..........1996 - June 2nd, 2011
  • KeepCruzingKeepCruzing Posts: 58 Deckhand
    "Prices for some people who already buy their own insurance will rise above today's level, however, largely because the health care reform law doesn't allow insurance companies to exclude people with pre-existing conditions, guarantees a minimum benefits package, doesn't allow women to be charged more than men, and limits how much more older people must pay."



    Obamacare will screw over the people who are currently insured in order to provide for those who are not. Sounds like socialism
  • Big BatteryBig Battery Posts: 21,882 AG
    So... we are going to subsidize a lot of people to get insurance and we will still have 30 million without insurance. So exactly how is ObamaCare going to stop the ER expenses that everyone was wringing their hands about that necessitated the need for ObamaCare?
  • fishbitfishbit Posts: 610 Officer
    rickc wrote: »
    You may not realize it but you have been paying for the uninsured health care all along

    Now everyone contributes to the pot.
    You may not like how it is being split up. But it is what it is

    So, the uninsured had health care all along and we (tax payers) were paying for it? And now, the uninsured will have to pay for something they were getting free? You really believe that?
    Nature goes on her way, and all that to us seems an exception is really according to order.
    (Johann Wolfgang Von Goethe)
  • rickcrickc Posts: 9,172 Admiral
    fishbit wrote: »
    So, the uninsured had health care all along and we (tax payers) were paying for it? And now, the uninsured will have to pay for something they were getting free? You really believe that?

    You might want to check into the changes to Medicade that are coming with ACA
  • rickcrickc Posts: 9,172 Admiral
    fishbit wrote: »
    So, the uninsured had health care all along and we (tax payers) were paying for it? And now, the uninsured will have to pay for something they were getting free? You really believe that?

    You might want to check into the changes to Medicade that are coming with ACA
  • bswivbswiv Posts: 8,348 Admiral
    rickc wrote: »
    You might want to check into the changes to Medicade that are coming with ACA

    Are you now saying that this whole effort with the ACA was a Democrat way of getting those of little means who were not participating in paying for the cost of whatever healthcare they received to now pay for at least a portion of that care???

    The natural and logical extension of this is that this is a backdoor way of helping the "rich" as by forcing the "poor", who were not paying before, to now pay you relax the burden on those who were paying it for them.

    And the real irony of it all, if I am to accept your logic, is that the Democrat Party just jammed through a "tax cut for the rich"....!!!

    ( Sure do wish at this point that I knew how to use the icons because a cavorting laughing head would be appropriate about now. )
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