Admin Admits Obamacare Policies WITH Subsidies Still Cost More

[Golfboy]

So much for the lie from the left that Obamacare has reduced prices for Healthcare Insurance.

 

http://www.dailymail.co.uk/news/article-2507489/Obamacare-plans-cost-cases-WITH-government-subsidies-Obama-administration-admits-time.html

 

The Obama administration has directly conceded for the first time that 'in many cases,' health insurance plans offered through government exchanges are more expensive than plans consumers bought before the Affordable Care Act became law – even when government subsidies are figured in.

In a letter to state insurance commissioners, Center for Consumer Information and Insurance Oversight director Gary Cohen wrote on Thursday that one reason for the new Obamacare measures the president announced Thursday is that millions of consumers receiving cancellation letters from their insurers are learning the Affordable Care Act options are in fact less affordable.

'Although affected individuals and small businesses may access quality health insurance coverage through the new Health Insurance Marketplaces,' Cohen wrote, 'in many cases with federal subsidies, some of them are finding that such coverage would be more expensive than their current coverage, and thus they may [be] dissuaded from immediately transitioning to such coverage.'

His written statement contradicts President Obama's campaign promises that the Affordable Care Act would lower costs for Americans.

In October of that year he said during a campaign rally in Columbus, Ohio that 'we are going to work with you to lower your premiums by $2,500. We will not wait 20 years from now to do it, or 10 years from now to do it. We will do it by the end of my first term as president.'

Notice that this is for individuals AND small businesses.

No wonder small businesses are cutting full time employees hours.

 

[TheAmerican]

...this is going to get worse!

[Golfboy]

Obamacare Deductibles 26% Higher Make Cheap Rates a Risk

http://www.bloomberg.com/news/2013-11-15/obamacare-deductibles-26-higher-make-cheap-rates-a-risk.html?cmpid=yhoo

 

Americans seeking cheap insurance on the Obamacare health exchanges may be in for sticker shock if they get sick next year, as consumers trade lower premiums for out-of-pocket costs that can top $6,000 a person.

Expenses for some policies can reach $6,350 for a single person and $12,700 per family, the most allowed by the health-care law, according to a survey by HealthPocket Inc. of seven states, including California and Ohio. That’s 26 percent higher than the average deductible in the seven states, and a scenario likely repeated across the country, said Kev Coleman, head of research and data at Sunnyvale, California-based HealthPocket.