More People Than Ever Can Find a Health Plan for $75
More people than ever will be able to find a health plan for $75 or less per month after cost assistance under the Affordable Care Act (ObamaCare). Or at least, that is the official findings of a new ASPE report featured on HHS.Gov.[cite]HEALTH PLAN CHOICE AND PREMIUMS IN THE 2018 FEDERAL HEALTH INSURANCE EXCHANGE October 30, 2017[/cite][cite]Obamacare prices: Trump administration touts bad news on cost, buries good news about affordability[/cite]
READ THE REPORT: HEALTH PLAN CHOICE AND PREMIUMS IN THE 2018 FEDERAL HEALTH INSURANCE EXCHANGE October 30, 2017.
It is true that costs are rising in general. This is in part due to the ongoing obstruction of the ACA by Republicans, in-part due to the ever-rising cost of healthcare, and in-part due to factors related to the Affordable Care Act such as requirements for health plans to cover essential benefits.
However, it is also true that more people than ever will qualify for low-cost health plans through HealthCare.Gov and the state marketplaces.
In other words, not all the news is good news, but for those with incomes between 100% – 400% of the poverty level who qualify for cost assistance, the news is pretty good.
TIP: Don’t forget to get covered during open enrollment 2018. Open enrollment starts November 1st.
For more reading, see Obamacare prices: Trump administration touts bad news on cost, buries good news about affordability.
NOTE: As the article in the link above explains, some have accused the White House of trying to bury the positive news in the report and focus on the negative news. However, the truth is the report is a mixed bag that shows cost increases and limited insurers in some states on the one hand, but lower costs for those who qualify for assistance on the other.