Health Care Costs Set to Fall 50%....NYT...

[Stuart G]

Last edited Wed Jul 17, 2013, 06:19 PM - Edit history (1)

http://www.nytimes.com/2013/07/17/health/health-plan-cost-for-new-yorkers-set-to-fall-50.html?_r=1&


Individuals buying health insurance on their own will see their premiums tumble next year in New York State as changes under the federal health care law take effect, Gov. Andrew M. Cuomo announced on Wednesday.


State insurance regulators say they have approved rates for 2014 that are at least 50 percent lower on average than those currently available in New York. Beginning in October, individuals in New York City who now pay $1,000 a month or more for coverage will be able to shop for health insurance for as little as $308 monthly. With federal subsidies, the cost will be even lower.

Supporters of the new health care law, the Affordable Care Act, credited the drop in rates to the online purchasing exchanges the law created, which they say are spurring competition among insurers that are anticipating an influx of new customers. The law requires that an exchange be started in every state.
_________________________________________________________________________________________________

What do you think of this. Oh, the Federal Law is sooooooooooooooooo..soooooooooo bad???????????????????
I don't think so.............................

[phleshdef]

1. It just goes to show, states that actually get with the program are gonna show a huge difference.

[Stuart G]

2. Correct..and when this gets around to all the states...then what will the

Republicans who are so proud of .."saving money in government" do? Oh...that is correct...some of them refuse to set up
health exchanges or implement that law..

[Hoyt]

3. Wow. Those premium reductions are impressive, especially when you take into account subsidies.

Looks like serious competition caused insurers to take a hard look at their health plans.

Not saying this is better than single payer, or a public option, or Canada's system, or that there aren't potential problems to come -- but so far it's looking much better than what we had before.

[yurbud]

5. I hope this turns out to be true. If so, it's a definite improvement

[vinny9698]

4. When you add more people to the pool and then restrict costs and profits you get results

More people paying into the system, cost and profit restrictions equal less cost to customers.

[quadrature]

6. NYS is a special case...

of very high prices.

or at least that is what I have been told.