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CNBC: Millions of Obamacare enrollees could pay billions of dollars more

 
Uncle Fuck Stick
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07/18/2014 01:02 AM

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CNBC: Millions of Obamacare enrollees could pay billions of dollars more
[link to www.cnbc.com]
Norma Licciardello sits with an agent from Sunshine Life and Health Advisors as she tries to purchase a health insurance plan at a store setup in the Mall of Americas in Miami.
Joe Raedle | Getty Images
Norma Licciardello sits with an agent from Sunshine Life and Health Advisors as she tries to purchase a health insurance plan at a store setup in the Mall of Americas in Miami.
The Affordable Care Act could get a whole lot less "affordable" for almost 5 million people if the Obama Administration loses this court fight.

Nearly 90 percent of people who bought insurance plans on HealthCare.gov receive subsidies and will face an average increase in their premiums of a whopping 76 percent if court challenges to a key component of the health-care law are successful, according to a new analysis released Thursday.
And by 2016, about 7.3 million enrollees will lose about $36 billion in subsidies if those court challenges succeed, according to another study issued the same day.

Affected enrollees of four HealthCare.gov states—Florida, Georgia, Missouri and Alaska—would see rate hikes averaging 80 percent or more—and subsidized Mississippi enrollees would face an average increase of 95 percent, according to the the analysis by the Avalere Health consultancy.
Read MoreThe BIG threat to Obamacare you've never heard of
Subsidized enrollees in 20 other states would face premium price increases averaging between 70 percent and 79 percent, Avalere Health found.The remaining other 11 states would see their subsidized enrollees pay an average of between 58 percent to 69 percent more for health-care exchange plans.

The increases represent the difference between what enrollees actually paid for the plan after the subsidies were awarded them, compared with the full retail price paid for non-subsidized enrollees.

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Anonymous Coward
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07/18/2014 01:11 AM
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Re: CNBC: Millions of Obamacare enrollees could pay billions of dollars more
bump
Anonymous Coward
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07/18/2014 01:13 AM
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Re: CNBC: Millions of Obamacare enrollees could pay billions of dollars more
We're going to get to the point where if you have a toothache the only option is to buy a pair of pliers.
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07/18/2014 01:35 AM
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Re: CNBC: Millions of Obamacare enrollees could pay billions of dollars more
FUBAR
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07/18/2014 01:43 AM
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Re: CNBC: Millions of Obamacare enrollees could pay billions of dollars more
why would they lose the subsidies?

anyway, even WITH the subsidies, some people are finding out that they have about 10K in DEDUCTIBLE before the "Health care" kicks in!
cookie lady

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07/18/2014 01:48 AM
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Re: CNBC: Millions of Obamacare enrollees could pay billions of dollars more
The law contained a carrot to force the states to set up exchanges. The congress assumed that American's would demand our state governments to give us free stuff. So they decreed that ONLY citizens who signed up through a STATE exchange would qualify for the government subsidy.

Since most American's didn't want it in the first place and wanted it less once they passed it so we could read it the states didn't build exchanges. Then the government said "Free stuff for all!!!"

Of the states that built exchanges most failed epically. The Oregon exchange never successfully signed up a single person.

If the court rules against the Obama administration this should end the ACA and create an amazing nightmare since the subsidies are managed by the IRS





GLP