States that have announced their 2014 health care marketplace plans are seeing lower or lower than expected rates and increased competition among insurance companies and marketplaces across the country. The rates are for the new health care marketplaces that are being established as a result of the Affordable Care Act, or Obamacare. Not only are rates coming in lower or lower than expected, but they don’t even account for what subsides enrollees will qualify for – making coverage even more affordable. A new study released shows that 48% of Americans enrolled in the individual market will get subsides on average of $2,672.Of the seven states – California, Colorado, Maryland, Montana*, New York and Rhode Island, Vermont – whose rates are approved, each state has seen lower premiums and increased competition making the marketplace accessible and affordable to their consumers.In six of the seven states, the state is fully implementing the health care law – setting up state based marketplaces and expanding Medicaid.
Posted on: Fri, 30 Aug 2013 07:04:55 +0000
Trending Topics
Recently Viewed Topics
© 2015