News
Premiums Lower Than CBO Predicted
Posted 09.24.13
Tradeoff is more restrictive networks
As the October 1st open enrollment date approaches, one thing is clear, coverage, cost, and choice varies state to state. Some states have multiple carriers selling insurance within the insurance exchanges/marketplaces while others are limited to one carrier selling coverage. Because of this diversity, some states will see that the cheaper plans offer a restricted network of doctors and hospitals.
Also reported in the September 24, 2013 NAHU Newswire is an article citing the Manhattan Institute for Policy Research. Senior fellow, Avik Roy and his colleagues found premiums in the individual market will rise an average of 24% nationally under the Affordable Care Act. The middle class will face increased premiums and taxes to fund the subsidies that others will receive.