Here’s some welcomed good news from of all places California:
Predictions of an Obamacare apocalypse seem a little less credible today, thanks to California.
On Thursday, officials in that state offered the first detailed glimpse of what consumers buying health benefits on their own can expect to pay next year. And from the looks of things, these consumers will be getting a pretty good deal.
Based on the premiums that insurers have submitted for final regulatory approval, the majority of Californians buying coverage on the state’s new insurance exchange will be paying less—in many cases, far less—than they would pay for equivalent coverage today. And while a minority will still end up writing bigger premium checks than they do now, even they won’t be paying outrageous amounts. Meanwhile, all of these consumers will have access to the kind of comprehensive benefits that are frequently unavaiable today, at any price, because of the way insurers try to avoid the old and the sick.
Guys like Paul Krugman are heralding these new numbers.
If these numbers play out in other states as well, we could see a surge of people getting more affordable health insurance coverage.
Tags: Affordable Care Act, affordable health insurance coverage, buying health benefits, California Obamacare premiums, health care premiums, insurance exchange, Obamacare, Obamacare apocalypse, Obamacare apocalypse not