September 25, 2013
The White House on Wednesday released a report on the costs of Obamacare for most Americans, heralding its interpretation that 95 percent of the nation will be able to buy health insurance premiums below “earlier projections.”
But note the words “earlier projections.” That doesn’t mean that the insurance Americans will have to buy, or be fined, under Obamacare will be cheaper than what they pay today, before Obamacare kicks in.
We know this because at the same time the White House was releasing its broad study, Tennessee Sen. Lamar Alexander released his analysis of the report’s portion on his state. He found that Obamacare will cost far more than what many of his constituents are paying today, some by as much as 190 percent.
From his release:
— Today, a 27-year-old man in Memphis can buy a plan for as low as $41 a month. On the exchange, the lowest state average is $119 a month — a 190 percent increase.
— Today, a 27-year-old woman in Nashville can also buy a plan for as low as $58 a month. On the exchange, the lowest-priced plan in Nashville is $114 a month — a 97 percent increase. Even with a tax subsidy, that plan is $104 a month, almost twice what she could pay today.
This article was posted: Wednesday, September 25, 2013 at 12:13 pm