Obamacare is beating expectations. A new report from the Kaiser Family Foundation finds that in seven major cities that have released data on 2015 premiums, the price of the benchmark Obamacare plan— the second-cheapest silver plan, which the federal government uses to calculate subsidies — is falling. Yes, falling. “Falling” is not a word that people associate with health-insurance premiums. They tend to rise as regularly as the morning sun. And, to be fair, the Kaiser Family Foundation is only looking at 16 cities in 15 states and the District of Columbia, and the drop they record is, on average, a modest 0.8 percent (though this is the same methodology they used in 2014, and to good results). But this data, though preliminary, is the best data we have — and it shows that Obamacare is doing a better job holding down costs than anyone seriously predicted, including Kaiser’s researchers.
Posted on: Fri, 05 Sep 2014 17:27:05 +0000