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For millions, insurance will cost less than $100/month - thank you President Obama
Millions will be eligible to pay that or even less, Government report sayshttp://www.usatoday.com/story/news/politics/2013/09/17/100-dollar-premiums-exchanges/2822979/
WASHINGTON — About 6.4 million Americans eligible to buy insurance through the new health exchanges will pay $100 or less a month in premiums because of tax subsidies, according to a Department of Health and Human Services report to be released Tuesday and obtained by USA TODAY.
The report by the HHS office for planning and evaluation said the lower premiums would primarily apply to insurance customers who buy what are called "silver" plans on the exchanges that open Oct. 1.
"The health care law is making health insurance more affordable," said HHS Secretary Kathleen Sebelius. "With more than half of all uninsured Americans able to get coverage at $100 or less, the health care law is delivering the quality, affordable coverage people are looking for."
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"As an example, the Affordabel Care Act states that someone making 150% of the federal poverty level, or $17,235 a year, would pay 4% of their income - or $57 - for the second-lowest-cost plan. So that person's subsidy would be the difference between the $57 and the cost of the silver plan in that state." (from the print version of USA Today)
MOre about the Affordable Care Act on Kaiser Health News:
http://www.kaiserhealthnews.org/Daily-Reports/2013/September/17/exchange-costs-and-enrollment.aspx
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