The Republicans promised us that under Obamacare, costs for healthcare plans would go through the roof.
Individuals buying health insurance on their own will see their premiums tumble next year in New York State as changes under the federal health care lawtake effect, Gov. Andrew M. Cuomo announced on Wednesday.
State insurance regulators say they have approved rates for 2014 that are at least 50 percent lower on average than those currently available in New York. Beginning in October, individuals in New York City who now pay $1,000 a month or more for coverage will be able to shop for health insurance for as little as $308 monthly. With federal subsidies, the cost will be even lower.
Supporters of the new health care law, the Affordable Care Act, credited the drop in rates to the online purchasing exchanges the law created, which they say are spurring competition among insurers that are anticipating an influx of new customers. The law requires that an exchange be started in every state.
“Health insurance has suddenly become affordable in New York,” said Elisabeth Benjamin, vice president for health initiatives with the Community Service Society of New York. “It’s not bargain-basement prices, but we’re going from Bergdorf’s to Filene’s here.”
But wait, that’s in New York, where the governor is a wild-eyed lefty and of course he’s going to make it work. What about in states where Real Muricans live and aren’t under the thrall of socialism?
Louisiana’s largest private health insurer, Blue Cross and Blue Shield of Louisiana, estimated Wednesday that two-thirds of its customers who buy their own policies will pay the same premiums or less under the federal health care overhaul.
But that’s only if people take advantage of federal subsidies being offered under the law, Blue Cross officials said, outlining the anticipated effects of the Affordable Care Act.
Ah ha, see it only works if you cave into the federal subsidies. But what red-blooded flag waving patriot is going to take a free ride from the guvamint when they have Medicare?
The Republicans will tell you that Obamacare is unpopular with the American people. That is, until they actually try it.