The data, based on figured for approved insurance plans practically in all states, is the estimate for how much American citizens will pay for health coverage under Obama’s healthcare reform law next year.
The prices of the new plans of the famous medical program are now the very discussed and debated issue on the political arena. Now politicians are to decide whether new fee will be affordable enough to attract millions of uninsured Americans.
However, it should be noted that in some states prices for the program were lower, the U.S. Department of Health and Human Services (HHS) said in its report. Americans will be able to sign up for the new plans via online state exchanges beginning on October 1.
“For millions of Americans these new options will finally make health insurance work within their budgets,” HHS Secretary Kathleen Sebelius said during a briefing with reporters.
The majority of the uninsured, or about six out of 10 people without health coverage today, “will be able to find coverage for $100 or less per month in the marketplace, taking into account premium tax credits and Medicaid coverage,” the administration said in a statement.
“In the past, consumers were too often denied or priced-out of quality health insurance options, but thanks to the Affordable Care Act consumers will be able to choose from a number of new coverage options at a price that is affordable,” Sebelius added.
By the way, the administration has previously claimed that Amercan would be able to choose from 53 plans across the country and the “vast majority of consumers will have a choice of at least two different health insurance companies – usually more,” the department of health and human services admitted.
In a speech Tuesday President Obama said in many cases, insurance could be purchased for “less than a cost of your cell phone bill.”
“The administration has said it wants to sign up 7 million Americans in the first year and is particularly targeting more than 2.5 million young and healthy people whose premiums will help balance the costs of caring for the sick that will be drawn to the program,” Forbes reports.
The administration also confirmed that in markets where there competition is higher, costs are expected to be even lower than the $328 monthly cost for the “second-lowest silver plan.”
“A 27-year old living in Dallas who makes $25,000 per year will pay $74 per month for the lowest cost bronze plan and $139 per month for the lowest cost silver plan, taking into account tax credits,” the administration said in a statement.
“And he or she will be able to choose from among 43 qualified health plans. For a family of four in Dallas with an income of $50,000 per year, the lowest bronze plan would cost only $26 per month, taking into account tax credits.”