(Bloomberg) The Affordable Care Act's $3,000 Health-Law Premiums Test Limits of Affordability

Health insurance under Obamacare will cost individuals at least $2,988 a year on average, a price that Republican opponents may target as out-of-reach for many Americans who don’t qualify for U.S. subsidies.

While the $249 monthly payment is intended to be discounted through tax credits, less than half of people now buying insurance on their own may get that help….

The law’s long-term success “will depend on the changes that are made over the next couple of years to address the affordability issue,” said Brian Wright, an insurance analyst at Monness Crespi Hardt & Co. in New York. “If you have modifications that can help address those issues, then it will ultimately be successful. If not, then it’s an open question.”

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Posted in * Culture-Watch, * Economics, Politics, --The 2009 American Health Care Reform Debate, Consumer/consumer spending, Economy, Health & Medicine, Law & Legal Issues, Personal Finance

5 comments on “(Bloomberg) The Affordable Care Act's $3,000 Health-Law Premiums Test Limits of Affordability

  1. GillianC says:

    The “read it all” link takes us right back to this article…

  2. Marie Blocher says:

    Reuters reports average premium to be $328 per month.
    http://www.reuters.com/article/2013/09/25/us-usa-healthcare-exchanges-idUSBRE98O03P20130925

    And from what I’ve read all levels of it come with high deductibles, so it is going to be hard on the lower income families.

  3. Mitchell says:

    That is less than I am paying now so I am optimistic.

  4. dwstroudmd+ says:

    So now we know what “free healthcare” really means!