Skip to comments.Administration Concedes: Obamacare Is Prohibitively Expensive
Posted on 12/26/2013 7:19:55 PM PST by Lorianne
In a rare moment of candor, the Obama administration has acknowledged that the so-called Affordable Care Act is making insurance less affordable for millions of Americans.
The Centers for Medicare and Medicaid Services the other night issued a press release that outlines new options for the nearly 5 million Americans who have received cancellation notices from their health insurers. Not surprisingly, these Americans are finding other coverage options to be more expensive than their cancelled plans or policies, CMS explains.
Courtesy of the administration's ad hoc announcement, these 5 million Americansregardless of their agemay now enroll in Obamacare-compliant catastrophic plans, which were previously limited to people younger than 30 years old. But these plans arent cheap, in part because they must still provide preventive servicessuch as contraception, sterilization, and abortifacientsat no cost to the policyholder. Indeed, a 26-year-old in Milwaukee faces a $1,983 premium for the least expensive catastrophic plan. And in Philadelphia, the cheapest catastrophic plan for a 29-year-old carries a $2,189 premium.
Because the administration has only now widened the eligibility requirements for catastrophic plans, we do not know how much these plans will cost for Americans over 30 years old. Californias state-run exchange website, which is among the more user-friendly Obamacare exchange websites, lists only bronze, silver, gold, and platinum prices for individuals 30 and older. Likewise, eHealthInsurance.com, which lets consumers compare off-exchange Obamacare-compliant plans, lists no catastrophic plans for the over-30 demographic.
(Excerpt) Read more at weeklystandard.com ...
Get rid of it!
Affordable Care Act (ACA)- Another Obama lie
Is this satire? Obama would never admit to such defeat.
That’s why we don’t want it.
I just plugged in a $20,000 income for a single 29 YO in OK. A catastrophic plan would cost $147/month, but a Bronze Plan would qualify for a subsidy bringing the cost for that plan down to $19/month.
What’s up with that?
Now comes obama medicine.
If they can’t pay for it, you will.
does it bring down the deductible too?
It was always primarily, a wealth redistribution scheme; an experiment taken during a financial meltdown. It was never about affordability.
The Laughable Shoddy Care Act
You have to get deathly ill to find out what’s not in it.
Ah....working the system...wonder who is getting this info and who is not. Sounds like a scam doesn’t it.
I perceive data mining as part of the plan...including access to all your assets.
when does it ask for income?
I must have missed something
What did Obama promise the insurance companies in exchange for this nightmare?
Yes, more asset redistribution, a.k.a. thievery, is in the works.
try $0 income and watch the price skyrocket
You are not eligible for subsidies when you are broke apparently
Only traitors voted for Traitorobamacare.
Indict, try, convict, sentence.
oddly enough, if you make less than 11,490 you get NO SUBSIDIES... but just $1 more and your insurance is free...
Maybe it will get better once the website starts working.