"The majority (around 6 out of 10) of the people uninsured today will be able to find coverage for $100 or less per month in the Marketplace, taking into account premium tax credits and Medicaid coverage."
– Health and Human Services press release, 9/25
On September 25th, the Department of Health and Human Services released details on the cost of insurance plans that will be offered in 36 states where HHS has organized a new insurance marketplace, to open October 1st. In each state, plans will be offered in four categories, with varying levels of choice and out-of-pocket costs.
To make the "around 6 in 10" calculation, HHS starts with people purchasing insurance in the new marketplace, most of whom will be eligible for tax credits worth hundreds or thousands of dollars a year. The plans are grouped into four broad categories called Bronze, Silver, Gold and Platinum, depending on the cost. So, for example, the press release says, "a 27-year old living in Dallas who makes $25,000 per year will pay $74 per month for the lowest cost Bronze plan and $139 per month for the lowest cost Silver plan, taking into account tax credits. For a family of four in Dallas with an income of $50,000 per year, the lowest bronze plan would cost only $26 per month, taking into account tax credits."
According to HHS, once subsidies are taken into account, 10.8 million people will be able to purchase premiums costing less than $100 a month. Another 12.4 million will be covered through expanded state Medicaid programs or the Children's Health Insurance Program (CHIP), at no cost or virtually no cost to themselves. Together, that makes up 23.2 million of 41.3 million uninsured who are eligible for new programs.
While the analysis only looked at 36 states where HHS has organized the new marketplaces, MIT economist Jonathan Gruber says the picture is likely to be similar in the states running their own marketplaces.
Left unsaid is that plans with the most affordable premiums, typically come with higher deductibles and out-of-pocket costs.
True, although a fair number of these people will face significant costs beyond the premiums.
But, but, but... keep the country uninsured, keep a gun in everyone's hands, and keep the gross profits traveling upward.
In summary, the Affordable Health Care Act has created a healthcare system that is actually affordable.
VERDICT: True, although a fair number of these people will face significant costs beyond the premiums.
But, most types of preventive care will not cost anything extra. Annual checkups would have no deductible associated with it.
Old Gunderson wish you all well in this Final Countdown. And this may be last Countdown. "Devil in Details" Tax Credits mean someone else pay rest of bill.
"Left unsaid is that plans with the most affordable premiums, typically come with higher deductibles and out-of-pocket costs."
Left also unsaid is that the out-of-pocket costs for every uninsured American are 100% of his or her medical bills.
Why do the Republicans want to stop America from doing anything right ?
This not something the TGOP are wanting to hear.
Fact: most of these people who would benefit from Obamacare are likely to vote Democratic, so the GOP needs to stop it at all costs.
Fact: there are no facts
We have to keep buying votes, so let's steal from those who work to support those who don't. And then we can attack terrorists with scissors. You're naivety would be endearing if it weren't theft.
Fair is fair
Fact: there are no facts
FACT: There are no facts that fit your version of the facts.
FACT! - "although a fair number of these people will face significant costs beyond the premiums," it's still cheaper than an uninsured visit to the emergency room!