health - are you healthy? obamacare may triple your premium
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Are You Healthy? Obamacare may triple your premium. Much higher rates for this group could be the impact of the insurance overhaul's aim to cover the chronically ill. The Affordable Care Act is designed to place health care within reach of all Americans, but the law may end up making insurance more costly for healthy people. A review of proposed health care plans across eight states shows premiums for those in good health may double or even triple under Obamacare, while costs for people with chronic conditions will likely decrease, The Wall Street Journal reports. Take the case of a 40-year-old single nonsmoker. Under the new law, he could take insurance on a "bronze" plan that covers 60% of medical costs and charges premiums of about $200 a month in most states surveyed in the study. Yet today, he could get coverage for far less. Under a WellPoint (WLP +0.11%) plan offered in Virginia via Anthem, for example, he could find a plan for only $63 per month, which covers half of medical costs. "If a person in 2013 has a choice of buying a Chevrolet or a Cadillac health plan and in 2014 they can only buy a Cadillac, . . . are they going to be upset? I think the answer is yes," Bob Laszewski, a Virginia health care consultant, told the newspaper. Of course, the study presents one specific case -- a healthy consumer in Richmond, Va. -- while costs could vary considerably by state. The lowest-cost plan offered on an exchange in Nashville, Tenn., for example, is now pegged at $149, or 23% less than the $193 monthly premium charged in Richmond. Still, the findings aren't likely to win over any new fans of the health care insurance overhaul, which is already unpopular with Americans. A recent survey from CNN/ORC International found that 54% of Americans oppose the legislation, with most of those saying they feel it's too liberal. Obama health care plan explained can be summed up as wow. But aside from politics, the overhaul's costs are also weighing on the minds of consumers and business owners. Regal Entertainment Group (RGC +6.48%) said it's cutting hours to avoid providing health insurance for thousands of nonsalaried employees. So who will benefit from the new plans? Most likely, chronically ill consumers who would otherwise face either extremely expensive plans or even fail to find an insurer willing to cover them. Under the overhaul, plans must be available to all Americans, no matter what their health. As of now, much of the real prices associated with Obamacare are still unknown. When the health care exchanges roll out in October, the ultimate costs to consumers will become clearer. Watch the video below to get more insight as to what is ahead for Americans. For a FREE health insurance quote from multiple carriers CLICK HERE NOW. http://AIADirectQuote.comTRANSCRIPT
Are You
Healthy?Obamacare May
Triple Your Premium!
Much higher rates
for this group could
be the impact
of the insurance overhaul's aim to cover
the chronically ill.
The Affordable Care Act is designed to place health care within reach of all
Americans, but the law may end up making
insurance more costly for healthy people.
A review of proposed health care plans across
eight states shows premiums for those in
good health may double or even triple under
Obamacare, while costs for people with chronic
conditions will likely decrease, The Wall Street
Journal reports.
www.AIADirectQuote.com
Take the case of a 40-year-old single nonsmoker.
Under the new law, he could take insurance on a
"bronze" plan that covers 60% of medical costs and
charges premiums of about $200 a month in most states
surveyed in the study. Yet today, he could get coverage
for far less.
Under a WellPoint (WLP +0.11%) plan
offered in Virginia via Anthem, for example,
he could find a plan for only $63 per month, which covers half of
medical costs.
"If a person in 2013 has a choice of buying a Chevrolet
or a Cadillac health plan and in 2014 they can only
buy a Cadillac, . . . are they going to be upset? I think
the answer is yes," Bob Laszewski, a Virginia health
care consultant, told the newspaper.
Of course, the study presents one specific case -- a healthy consumer in Richmond, Va. --
while costs could vary considerably by state. The
lowest-cost plan offered on an exchange in Nashville, Tenn., for example, is now pegged at
$149, or 23% less than the $193 monthly premium charged in Richmond.
Still, the findings
aren't likely to win over any new fans of the health
care insurance overhaul, which is already unpopular with Americans.
A recent survey from CNN/ORC
International found that 54% of Americans oppose the legislation,
with most of those saying they feel it's too
liberal.
But aside from politics, the
overhaul's costs are also weighing on the minds of consumers
and business owners.
Regal Entertainment Group (RGC +6.48%) said it's cutting hours
to avoid providing health insurance for
thousands of non salaried employees.
www.AIADirectQuote.com
So who will benefit from the new plans?
Most likely, chronically ill consumers who
would otherwise face either extremely
expensive plans or even fail to find an insurer willing to
cover them.
Under the overhaul, plans must be available to all
Americans, no matter what their health.
As of now, much of the real prices associated with Obamacare are still unknown. When
the health care exchanges roll out in October, the ultimate costs to consumers will become clearer.
For a FREE health insurance quote from multiple carriers
www.AIADirectQuote.com