Ms. magazine  -- more than a magazine a movement

SIGN UP FOR MS. DIGEST, JOBS, NEWS AND ALERTS

FEMINIST WIRE NEWSBRIEFS

ABOUT
SEE CURRENT ISSUE
SHOP MS. STORE
MS. IN THE CLASSROOM
FEMINIST DAILY WIRE
FEMINIST RESOURCES
PRESS
JOBS AT MS.
READ BACK ISSUES
CONTACT
RSS (XML)
 
feminist wire | daily newsbriefs

September-27-13

95 Percent of Uninsured Will Have Lower Healthcare Premiums than Projected

Health insurance under the Affordable Care Act will be even more affordable than planned. When the health insurance marketplaces open on October 1, millions of uninsured individuals will be able to choose healthcare plans with lower premiums than originally projected by the Congressional Budget Office (CBO).

A report released by the Department of Health and Human Services (HHS) this week revealed that 95 percent of consumers purchasing health insurance through the marketplace live in states with average premiums below CBO estimates. Some monthly premiums are now projected to be more than 16 percent lower than originally estimated, meaning that people will soon enjoy inexpensive, quality health care options that they did not have before.

Tax credits will make health insurance even more affordable. The federal government will subsidize plans by offering tax credits to families and individuals within 100 percent and 400 percent of the federal poverty level, up to $45,960 for an individual and $94,200 for a family of four. These credits will be paid directly to insurance providers, so consumers will not have to front that cost. Factoring in these tax credits, about 6 in 10 uninsured individuals will be able to purchase health insurance through the marketplace for $100 or less per month.

In a speech yesterday, President Obama emphasized that once the marketplace opens, shopping for health insurance will be as easy as booking a plane ticket or hotel room online. Each state's marketplace, accessible through Healthcare.gov, will offer several plans from which to choose. Health insurance providers will display instant price quotes, and individuals will be able to see right away if they qualify for tax credits or other lower costs.

Enrollment begins on October 1, 2013 and runs through March 31, 2014.

Media Resources: U.S. Department of Health and Human Services; The White House


© Feminist Majority Foundation, publisher of Ms. magazine

If you liked this story, consider making a tax-deductible donation to support Ms. magazine.

 

 

Send to a Friend
Their
Your
Comments
(optional)


More Feminist News

7/23/2014 UConn to Pay Over $1.2 Million in Sexual Assault Settlement - The University of Connecticut (UConn) will pay $1.28 million in settlement fees for a sexual assault lawsuit brought against the university by five sexual assault survivors. The federal lawsuit was brought by five women after four of the women had filed complaints with the Department of Education (ED) alleging that UConn had mishandled rape cases and failed to take action on reports of harassment, in violation of Title IX. . . .
 
7/23/2014 100 Days Vigils Held To Support Rescue of Kidnapped Nigerian Schoolgirls - 100 days ago today, more than 270 schoolgirls were kidnapped in Nigeria by Boko Haram. . . .
 
7/22/2014 Louisiana Pro-Choice Community Stands Up Against Operation Rescue - Saturday, Operation Rescue/Operation Save America launched an aggressive week-long siege against reproductive health clinics and abortion care providers in southern Louisiana. The annual siege is expected to run through Saturday, July 26, but already, several dozen Operation Rescue protesters have moved these forceful assemblies to doctors' private residences, riling neighbors in the process with their megaphones, explicit and invasive signage. . . .