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California reveals prices for health insurance under Obamacare
Source: Reuters
California reveals prices for health insurance under Obamacare
By Sharon Bernstein
LOS ANGELES | Thu May 23, 2013 6:13pm EDT
(Reuters) - California unveiled prices on Thursday that consumers will pay for a selection of health plans offered through the state under the Affordable Care Act, providing a glimpse into how health care reform may look as it is rolled out across the nation.
Under the federal health care reform law, Californians who do not get or cannot afford health insurance through their jobs can buy coverage through an exchange, at a group rate negotiated by state regulators.
The cost to a 40-year-old who needs coverage would vary from about $40 to $300 per month for a mid-level plan, depending on the person's income. Some young adults, who are less expensive to cover, could pay nothing, depending on how much they earn.
The prices in California, along with those announced in Washington, Vermont and other states, show that premiums under Obamacare can be more affordable than had previously been thought. Consumer advocates welcomed the new exchange.
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By Sharon Bernstein
LOS ANGELES | Thu May 23, 2013 6:13pm EDT
(Reuters) - California unveiled prices on Thursday that consumers will pay for a selection of health plans offered through the state under the Affordable Care Act, providing a glimpse into how health care reform may look as it is rolled out across the nation.
Under the federal health care reform law, Californians who do not get or cannot afford health insurance through their jobs can buy coverage through an exchange, at a group rate negotiated by state regulators.
The cost to a 40-year-old who needs coverage would vary from about $40 to $300 per month for a mid-level plan, depending on the person's income. Some young adults, who are less expensive to cover, could pay nothing, depending on how much they earn.
The prices in California, along with those announced in Washington, Vermont and other states, show that premiums under Obamacare can be more affordable than had previously been thought. Consumer advocates welcomed the new exchange.
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Read more: http://www.reuters.com/article/2013/05/23/us-usa-healthcare-california-idUSBRE94M19X20130523
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