Wednesday, Oct 26th

Last update05:20:13 AM GMT

You are here News Health Report: Obamacare health insurance will have affordable rates

Report: Obamacare health insurance will have affordable rates

E-mail Print PDF

health insurance ratesIn spite of concerns about “sticker shock,” rates for individual coverage on the new health insurance marketplaces appear to be lower than expected in most states due mainly to robust competition among insurers, the Obama administration reported Wednesday.

With prices all but finalized in most states, a new report by the U.S. Department of Health and Human Services found that monthly premiums in 47 states and the District of Columbia, on average, will be 16 percent lower next year than the Congressional Budget Office projected they would be in 2016 – when the marketplaces are at full capacity.

Roughly 95 percent of uninsured people who are eligible for marketplace coverage live in states where average monthly premiums for individual coverage is lower than expected, the report found. And the states with the lowest premiums have more than twice the number of plans offering coverage than states with the highest premiums.

Administration officials were clearly buoyed by the findings, which appear to support their claims that the Affordable Care Act would give consumers more choices and better rates by bringing more insurers into the markets.


Most Recent Related Stories...

'Patient zero' Gaëtan Dugas not source of HIV/Aids outbreak, study confirms

HIV start no longer blamed on patient zeroScientists have managed to reconstruct the route by which HIV/Aids arrived in the US – exonerating...

Americans overwhelmingly support abortion rights

Americans support abortion rightsPolitical candidates, consultants and the media generally misunderstand the politics of abortion rights. They tend to...

Youth football players show brain changes after just one season

Football brain injuriesWhen it comes to head impact in youth football, it is not just concussion that affects...

St. Jude warns of heart-device battery issue linked to two deaths

St. Jude'sSt. Jude Medical Inc warned on Tuesday that some of its implanted heart devices were at...
America's # 1 Enemy
Tee Shirt
& Help Support!
TVNL Tee Shirt
Conserve our Planet
& Help Support!
Get your 9/11 & Media
Deception Dollars
& Help Support!
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!