Thursday, September 25, 2014

Obamacare premiums for 2015 shaping up to be a good deal


http://www.dailykos.com/story/2014/09/22/1331656/-Obamacare-premiums-for-2015-shaping-up-to-be-a-good-nbsp-deal?detail=email

Six-month-old Hazel Garcia chews a pamphlet at a health insurance enrollment event in Cudahy, California March 27, 2014. More than 6 million people have now signed up for private insurance plans under President Barack Obama's signature healthcare law know

The Kaiser Family Foundation has surveyed and determined that in major cities, insurance premiums in Obamacare plans will increase by an average of 8.7 percent. That's an average from 15 states, and seven large cities. Further reporting from The New York Times says that the most popular plans will see an increase of 8.4 percent, but if people are willing to switch plans, they could see just 1 percent increases.
Then they put that in historical context.
Even the average 8.4 percent increase for people who renew in the most popular plans falls within the range of historical increases in the individual market. It’s not on the low end, but it’s not in the category of runaway premium growth that many critics of the Affordable Care Act warned might be coming. […]
A Commonwealth Fund study conducted by the M.I.T. economist Jonathan Gruber this summer found that, before the Affordable Care Act passed, premiums were rising by higher rates: 9.9 percent in 2008, 10.8 percent in 2009 and 11.7 percent in 2010. Those are average rates. As in the current marketplaces, there was a lot of local variation in price increases.
The employer market has seen smaller recent increases, but that market has not seen an average 1 percent increase in recent memory. The Kaiser Family Foundation recently published its 16th annual survey of employer health plans. It found that 2014 was a year with a record-low premium increase for family plans: 3 percent. That number makes 8.4 percent look less rosy. But the 1 percent available to marketplace switchers looks good.
 Bottom line: no rate shock as so many of the laws opponents have been warning since the damned thing passed. But there's more to take from this, reiterating the importance of being willing to switch plans and shopping for a new one. New insurers into the marketplace could mean much lower available premium rates. Those new low rates could mean that some people will be receiving lower subsidies—the tax credit is calculated based on the lowest priced "silver" plan available.

not much of a comment needed here it's obvious that the republicans and the right wing were wrong but more liars who tried to manipulate Americans away from this health care in favor of what we have complained about for decades insurance company gauging and sub par services and treatments that is what they lied to you to keep no train wrecks no abominations at least within the ACA PLENTY IN THE RIGHT WING.