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It's amazing what transparency and increased levels of market competition can achieve. That is exactly what the Health Care Exchanges are supposed to deliver as they standardize what plans must offer (usually with three choices of Gold, Silver, and Bronze levels of coverage) and then make company's compete based upon costs with consumers being able to easily compare the costs of all the different insurance companies based upon standardized benefits packages. More insurance companies than expected have decided to jump into the competition, a total of 15 with 8 of them never having offered coverage before in the NY market.
We saw the same massive price decreases which the greater transparency and levels of competition brought in California and now we're seeing it in New York state as well.
Same story with different words and a bit more information at the New York Time's website: http://www.nytimes.com/2013/07/17/he...ml?ref=us&_r=0
Even the Washington Post got into the act and destroyed the lies and falsehoods which Republicans had been spreading in an attempt to avoid admitting what a smashing success these exchanges have been (and have been every where they have ever been tried). Of course, when your brides, er... "campaign donations" from big insurance companies depend upon protecting them from competition and transparency so that they can continue to fleece customers with impunity then it is no wonder they are unmoved by little things like facts or reality. It also is no wonder why Republican controlled states have been either attempting to prevent exchanges from being set up or at least to exclude as many people as possible from the exchanges so that as few people as possible get to benefit from lower costs and better care.
Anyway, here's the Washington Post article about why the Republican talking points are all bull****: http://www.washingtonpost.com/blogs/...es-rate-shock/
We saw the same massive price decreases which the greater transparency and levels of competition brought in California and now we're seeing it in New York state as well.
ObamaCare lowers NY premiums by half
ObamaCare will cut the cost of healthcare premiums in half for many New Yorkers who buy insurance on their own, according to The New York Times.
The Times reported that the average premium in the state's insurance exchange will be be at least 50 percent lower than currently available policies.
New York is the latest of several states to report lower-than-expected rates for policies sold through their exchanges.
The exchanges are open to people who do not get insurance through their employer, but rather purchase it on their own. Most people who use the exchanges will receive a tax subsidy to help cover the cost of their premiums.
Before those subsidies are applied, the average plan for an individual living in New York City will cost $308 per month — down from $1,000 per month now, the Times reported.
The state expects about 65,000 people to purchase coverage through its exchange in the first few years.
Officials told the Times they have approved 17 insurers to sell policies in the state exchange, eight of which are entering the state's market for the first time.
ObamaCare will cut the cost of healthcare premiums in half for many New Yorkers who buy insurance on their own, according to The New York Times.
The Times reported that the average premium in the state's insurance exchange will be be at least 50 percent lower than currently available policies.
New York is the latest of several states to report lower-than-expected rates for policies sold through their exchanges.
The exchanges are open to people who do not get insurance through their employer, but rather purchase it on their own. Most people who use the exchanges will receive a tax subsidy to help cover the cost of their premiums.
Before those subsidies are applied, the average plan for an individual living in New York City will cost $308 per month — down from $1,000 per month now, the Times reported.
The state expects about 65,000 people to purchase coverage through its exchange in the first few years.
Officials told the Times they have approved 17 insurers to sell policies in the state exchange, eight of which are entering the state's market for the first time.
Same story with different words and a bit more information at the New York Time's website: http://www.nytimes.com/2013/07/17/he...ml?ref=us&_r=0
Even the Washington Post got into the act and destroyed the lies and falsehoods which Republicans had been spreading in an attempt to avoid admitting what a smashing success these exchanges have been (and have been every where they have ever been tried). Of course, when your brides, er... "campaign donations" from big insurance companies depend upon protecting them from competition and transparency so that they can continue to fleece customers with impunity then it is no wonder they are unmoved by little things like facts or reality. It also is no wonder why Republican controlled states have been either attempting to prevent exchanges from being set up or at least to exclude as many people as possible from the exchanges so that as few people as possible get to benefit from lower costs and better care.
Anyway, here's the Washington Post article about why the Republican talking points are all bull****: http://www.washingtonpost.com/blogs/...es-rate-shock/
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