Putting the lie to the Walker / insurance commissioner dump on upcoming health insurance exchange | WisCommunity

Putting the lie to the Walker / insurance commissioner dump on upcoming health insurance exchange

The state insurance commissioner's office and its boss, Gov. Scott Walker, each insist (by sheer undocumented assertion and misrepresentation of the facts, respectively) that the "Obamacare" health insurance exchange starting up in October will feature coverage with way higher premiums than what people can get now. We discussed this just the other day right here at Uppity; see: http://www.uppitywis.org/blogarticle/yet-another-politifrack-moment-walk...

But while the Walker administration insists all this is going to be bad (because "Obamacare" is bad! Bad!), more reasoned health care experts seem to think otherwise. And in the most far reaching study to date, there's lots of good news. It's such good news, in fact, that it helps explain why Republicans are going to desperate lengths to kill, delay or villify the Affordable Care Act. From a post at Think Progress (URL below):

The most comprehensive on Obamacare to date finds that Americans’ insurance premiums under the health law will be “lower than expected.” Many Americans will pay even less than the top-line rates after factoring in government subsidies for their health coverage, with some paying nothing at all for crucial medical coverage.

The Kaiser Family Foundation (KFF) looked at individual policy prices in the 17 states, plus the District of Columbia, that have released comprehensive numbers for their Obamacare insurance marketplaces. Since premiums under the law will vary based on factors such as age and geographic location, KFF chose to examine how much the second-least expensive “Silver” mid-level plan and the least-expensive bare-bones “Bronze” level plan would cost for 25-year-old, 40-year-old, and 60-year-old Americans in those 17 states’ largest cities. The includes both the top-line prices for those demographics, as well as what their costs would be after factoring in government subsidies based on varying income levels.

According to KFF’s findings, a single 40-year-old in Los Angeles could buy the second-cheapest mid-level plan for $255 per month — but if that person makes just under $30,000 per year, he or she will only have to pay $193 per month after receiving a government subsidy.

Strikingly, in every city analyzed, a family of four with two 40-year-old adults and a household income of $60,000 per year would pay $409 per month for the second-cheapest Silver plan after receiving subsidies. That’s more or less in line with the towards their employer-sponsored health insurance plans.


September 5, 2013 - 8:03pm