Surprise! Obamacare is going to cost most people way, way, way less than expected.

[Cigar]

http://images.sodahead.com/polls/003252831/049411471_gomer_pyle_surprise_answer_3_xlarge.jpeg

With the start of open enrollment in Obamacare a week away, HHS today released a report summarizing the cost of premiums in states where the exchanges will be run by the federal government. In general, the news was pretty good. As with most of the state exchanges, the premiums are coming in below the predictions of the Congressional Budget Office:

Individuals will have an average of 53 qualified health plan choices in states where HHS will fully or partially run the Marketplace.

....Premiums before tax credits will be more than 16 percent lower than projected. The weighted average second lowest cost silver plan for 48 states (including DC) is 16 percent below projections based on the ASPE-derived Congressional Budget Office premiums.

....Tax credits will make premiums even more affordable for individuals and families. For example, in Texas, an average 27-year-old with income of $25,000 could pay $145 per month for the second lowest cost silver plan, $133 for the lowest cost silver plan, and $83 for the lowest cost bronze plan after tax credits. For a family of four in Texas with income of $50,000, they could pay $282 per month for the second lowest cost silver plan, $239 for the lowest silver plan, and $57 per month for the lowest bronze plan after tax credits.

I don't suppose Ted Cruz will be mentioning any of this in his speechifying on the Senate floor tonight. But it's worth taking a look at those numbers. After tax credits, that family of four in Texas will pay $3,384 per year for the second lowest-cost silver plan. According to the Kaiser Family Foundation, the average family with employer health coverage pays $4,565 per year in contributions. Those aren't directly comparable, but they're close. What it means is that although Obamacare is hardly free, it does allow individuals to buy coverage for roughly the same amount they'd have to pay with an employer plan. No one is shut out of the market any longer.

The entire report is here (http://www.whitehouse.gov/sites/default/files/docs/marketplace_premiums_ib_final.pdf). An excerpt of one of the tables is below, showing how much coverage will cost for individuals and families in various states.
http://www.motherjones.com/files/blog_premiums_federal_exchange_1.jpg



http://www.motherjones.com/kevin-drum/2013/09/obamacare-premium-federal-exchange


Illinois health insurance exchange rates lower than expectedhttp://www.chicagotribune.com/health/chi-illinois-health-insurance-exchange-rates-20130924,0,4390929.story


Tuesday October 1st 2013 is only 7 days from now :laugh:

[jillian]

we know that.

it's funny. cruz the nutter doesn't hate the CRA because it's bad... he hates it because he knows people will like having affordable health insurance (as if that's a bad thing). nutty cruz said about the president that,


“His strategy is to get as many Americans as possible hooked on the subsidies, addicted to the sugar,” Cruz told a Kingwood Tea Party gathering. “If we get to Jan. 1, this thing is here forever.”

http://www.texastribune.org/2013/08/19/cruz-warns-americans-could-get-addicted-obamacare/

[Cigar]

we know that.

it's funny. cruz the nutter doesn't hate the CRA because it's bad... he hates it because he knows people will like having affordable health insurance (as if that's a bad thing). nutty cruz said about the president that,



http://www.texastribune.org/2013/08/19/cruz-warns-americans-could-get-addicted-obamacare/

Texas has the most uninsured citizens of all the states ... but don't worry, Teddy, his wife and his kids are doing just fine with Government backed Insurance.

Brilliant :rollseyes:

[Ravi]

Poor Ted Cruz. Poor Republicans. hahahahahaha

[Mainecoons]

And now for the rest of the story.


T-MINUS 5 DAYS: Obama's Health-Law Premiums Test Limits of Affordability... (http://www.bloomberg.com/news/2013-09-25/obama-pulls-back-curtain-on-health-law-to-reveal-rates.html)

Huge jump for young... (http://online.wsj.com/article/SB10001424052702303983904579095731139251304.html?m od=djemalertNEWS#project%3DEXCHANGES0924%26article Tabs%3Dinteractive)

FORBES: Rise By 99% For Men, 62% For Women... (http://www.forbes.com/sites/theapothecary/2013/09/25/double-down-obamacare-will-increase-avg-individual-market-insurance-premiums-by-99-for-men-62-for-women/?partner=yahootix)

One can always count on a Cigar thread to lie by omission.

[Cigar]

And now for the rest of the story.


T-MINUS 5 DAYS: Obama's Health-Law Premiums Test Limits of Affordability... (http://www.bloomberg.com/news/2013-09-25/obama-pulls-back-curtain-on-health-law-to-reveal-rates.html)

Huge jump for young... (http://online.wsj.com/article/SB10001424052702303983904579095731139251304.html?m od=djemalertNEWS#project%3DEXCHANGES0924%26article Tabs%3Dinteractive)

FORBES: Rise By 99% For Men, 62% For Women... (http://www.forbes.com/sites/theapothecary/2013/09/25/double-down-obamacare-will-increase-avg-individual-market-insurance-premiums-by-99-for-men-62-for-women/?partner=yahootix)

One can always count on a Cigar thread to lie by omission.




Don't forget ... Obama is going to cause Gas prices to go to $6.00 per gallon

DANGER Will Robinson DANGER ... Boogie Man Boogie Man, be Afraid be Afraid :laugh: - Tuesday October 1st 2013 is still coming.

http://davidebenjamin.com/wp-content/uploads/2011/01/DangerWillRobinson.jpg

[Mainecoons]

It's OK Cigar, the whole board has become used to your lying by omission and cartoon posting when you get caught at it. . .again.

[Alyosha]

Obama’s Inflated Health “Savings”


http://www.factcheck.org/2008/06/obamas-inflated-health-savings/
He claims that a shift to electronic medical records will help
save families up to $2,500 a year in his first term. Independent experts
say that's wishful thinking.



http://www.forbes.com/sites/theapothecary/2013/09/23/its-official-obamacare-will-increase-health-spending-by-7450-for-a-typical-family-of-four/

Obamacare Will Increase Health Spending By $7,450 For A Typical Family of Four

[nic34]

From your "factcheck" link:


RAND study: At 90 percent adoption, we estimate that the potential HIT-enabled efficiency savings for both inpatient and outpatient care could average more than $77 billion per year (an average annual savings of $42 billion during the adoption period).



In other words, RAND predicts the health care system overall will save $42 billion a year on average throughout the next president’s term, and even during a second term – not $77 billion as the Obama campaign says. That also means some of these savings are occurring right now. The amount would be less than the estimated $42 billion and would increasingly grow as more and more providers adopted electronic records.

Darn, 42 billion not 77.....

[Cigar]

It's OK Cigar, the whole board has become used to your lying by omission and cartoon posting when you get caught at it. . .again.

Oh look ... Mainekitty has a Gang of little pussycats :laugh:

[Cigar]

Final Word On Obamacare Coverage: Cheaper Than Expected



Though there will be variations across the country, most Americans will be able to choose from multiple health insurance plans and pay lower-than-expected premiums for coverage on the Obamacare health insurance marketplaces, according to data released Wednesday by the U.S. Department of Health and Human Services...for the 36 states participating in the federal marketplace, with some additional information from 11 states with state-based marketplaces, 95 percent of Americans will be able to choose between two or more health insurance carriers and will live in states where premiums are lower than originally estimated by the Congressional Budget Office.



On average, people will have a choice of 56 different insurance plans -- depending on which state you live in, though, that figure could range from seven (in Alabama) to 106 (in Arizona). The average number of insurers in a state is eight, though that again ranges from one to 13 in different states.

As for premiums, before tax credits kick in, they will average 16 percent below the Congressional Budget Office's original estimates for a silver-level plan (which covers 70 percent of costs). The number of insurers in a state is directly tied to how low premiums will be, Lambrew noted. Arizona, with an average of 106 plans to choose from, had the lowest average premium for a 27-year-old adult: $166 a month. Wyoming, with an average of 16 plans, had the highest average premium at $342 a month...then the tax credits take effect. Those knock the premium for that 27-year-old, projected to earn $25,000, down to $145 in most states. For a family of four making $50,000, the credits take the premium price down from more than $1,000 in some states to $282.

The numbers before and after tax credits drop even further for bronze-level plans (which cover 60 percent of costs), often below $100 on average when tax credits are accounted for. White House officials routinely note a recent study that found 6 in 10 uninsured Americans will be able to purchase coverage for less than $100 a month.



http://talkingpointsmemo.com/dc/final-word-on-obamacare-coverage-cheaper-than-expected

[Mainecoons]

My post was about what it is going to cost consumers. Anyone who predicts the government is going to save money on anything is even more gullible than you, Nic.

And that is very, very gullible indeed.

:grin:

[ptif219]

More liberal lies. It will almost double cost

http://www.forbes.com/sites/theapothecary/2013/09/25/double-down-obamacare-will-increase-avg-individual-market-insurance-premiums-by-99-for-men-62-for-women/?partner=yahootix



Based on a Manhattan Institute analysis of the HHS numbers, Obamacare will increase underlying insurance rates for younger men by an average of 97 to 99 percent, and for younger women by an average of 55 to 62 percent. Worst off is North Carolina, which will see individual-market rates triple for women, and quadruple for men.




Then Tennessee Senator Lamar releases this

http://washingtonexaminer.com/white-house-report-tennesee-men-face-290-women-197-obamacare-hike/article/2536363