09-05-2013, 10:25 AM
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09-05-2013, 12:41 PM
he main takeaway from an exhaustive new study of premiums on the Obamacare health insurance marketplaces: They’re generally going to be lower than expected, undercutting the persistent claims of “rate shock” by conservatives.
Marketplaces premiums are coming in below initial estimates, said the nonprofit, nonpartisan Kaiser Family Foundation in a new report released Thursday.
The expected monthly premium for a 40-year-old adult purchasing a silver-level plan (the baseline, which covers 70 percent of costs) on a marketplace had been $320, according to previous projections from the Congressional Budget Office. But in 15 of the 18 regions studied by Kaiser, the average premium will be below that — thus the study’s conclusion that the prices are going to be lower than anticipated.
“While premiums will vary significantly across the country, they are generally lower than expected,” the authors wrote.
The study does not compare marketplace premiums with current prices in the individual insurance market. Instead, that conclusion is based on how released prices are comparing to previous projections for coverage costs under Obamacare. It follows a report last week by RAND, which suggested that claims of premium increases had been overstated.
If Kaiser’s estimates bear out, it could be a big blow to one of the main conservative talking points against the Affordable Care Act: rate shock. Everybody from House Republicans to think tank types like the Manhattan Institute’s Avik Roy and the Heritage Foundation have been warning that consumers would see skyrocketing prices under the law.
09-05-2013, 12:47 PM
This is dependent on particular health issues and the ACA rates aren't fully implemented but 600 a month for a single female in my office per month in the current Co health exchange. Under the current exchange I would pay more and receive less benfits under the "gold" plan. "rate shock" and increased out of pocket costs are different things. My rate could stay the same, however if less is subsidized by my company(or whomever was subsidizing it) then I am paying more. Much more.