The Obama administration has directly
conceded for the first time that 'in many cases,' health insurance
plans offered through government exchanges are more expensive than plans
consumers bought before the Affordable Care Act became law – even when
government subsidies are figured in.
In
a letter to state insurance commissioners, Center for Consumer
Information and Insurance Oversight director Gary Cohen wrote on
Thursday that one reason for the new Obamacare measures the president
announced Thursday is that millions of consumers receiving cancellation
letters from their insurers are learning the Affordable Care Act options
are in fact less affordable.
'Although
affected individuals and small businesses may access quality health
insurance coverage through the new Health Insurance Marketplaces,' Cohen
wrote, 'in many cases with federal subsidies, some of them are finding
that such coverage would be more expensive than their current coverage,
and thus they may [be] dissuaded from immediately transitioning to such
coverage.'
Read more.
http://www.dailymail.co.uk/news/article-2507489/Obamacare-plans-cost-cases-WITH-government-subsidies-Obama-administration-admits-time.html
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