Costs & benefits of Obamacare insurance

The states are starting to set up their insurance exchanges, so we are getting some idea of how much the required policies will cost and what their benefits will be.  There will be four levels of coverage:  platinum, gold, silver, and bronze.  In California, the “silver plan,” which is the level that federal subsidies for lower income folks will be based on, will cost $321 per month, but have a $2,000 deductible, requiring $45 co-pays.  Details after the jump. [Read more...]

Insurance “rate shock” under Obamacare

The cost of health insurance will go up dramatically under Obamacare, people are starting to realize.  This will be true especially for the young healthy types that aren’t buying insurance now but will soon have to; that is to say, the currently uninsured, the ones Obamacare is supposed to help!

What a surprise!  Who knew?  Who could have guessed that would happen?  How could forcing insurance companies to take everybody, charge everyone the same, and provide free services possibly raise insurance rates?  I thought Obamacare was the way we were going to rein in health care costs.  After all, the program is called “The Affordable Health Care Act”!

Yet more reason to wonder, how can Obamacare possibly–even theoretically– work? [Read more...]


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