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Many Struggle To Pay O-Care Premiums (76% Subsidies)

From the Associated Press:

Poll: Many still struggle to pay health premiums


WASHINGTON (AP) — Most people who signed up under President Barack Obama’s health care law rate their new insurance highly, but a substantial number are struggling with the cost, according to a poll released Thursday. The survey from the nonpartisan Kaiser Family Foundation…

Which has pushed Obama-Care from the getgo.

The poll found that Obama’s law is achieving one of its main goals by covering the uninsured. Fifty-seven percent of the 8 million people who bought a plan through the new insurance exchanges were previously uninsured.

The question is why? How many had plans that were cancelled because of the Obama-Care mandates?

But greater access to coverage has come at a price that’s uncomfortably steep for many. Despite the availability of generous subsidies, 4 in 10 of those who bought a plan that meets the law’s specifications said they had difficulty paying their monthly premiums…

As the Washington Post reported yesterday, 89% of the enrollees in Obama-Care get subsidies. And the subsidies average 76%. Clearly, these people thought they were going to get free health insurance under Obama-Care.

Meanwhile, we also have this report from the Associated Press:

Report: Average Fla. health premium is $68 a month

June 18, 2014

MIAMI (AP) — The majority of Florida residents who signed up for coverage under President Barack Obama’s health care law are paying $100 or less a month in premiums on average, the administration reported Wednesday.

A report released by the U.S. Department of Health and Human Services found the average monthly premium is $347 a month, but a typical Florida enrollee pays $68 after tax credits across all plan types. The government pays the subsidy directly to insurers.

Correction: the government pays nothing. It’s the US taxpayers who are paying the freight.

Nearly 1 million Floridians signed up for coverage under the Affordable Care Act — the highest enrollment among the 36 states using the federally administered marketplace. Taxpayers are subsidizing more than 90 percent of their monthly premiums. That’s higher than the national rate — the report found taxpayers are subsidizing 76 percent of the average monthly premium in the 36 federally administered markets.

In Florida, 75 percent of enrollees paid premiums of $100 or less a month after tax credits, and 56 percent paid an average premium of $50 or less a month after tax credits, according to the report.

The large number of consumers receiving tax subsidies has raised concerns that the program may end up costing the federal government more money than was projected this spring…

No kidding. According to the CBO, as reported by the LA Times yesterday, these subsidies are going to raise the cost of Obama-Care in 2014 by more than 50%. (From $10 billion to $16.5 billion, according to the CBO.) And even more in the future. 

But that is still not enough for Obama’s constituents.

This article was posted by Steve on Friday, June 20th, 2014. Comments are currently closed.

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