Bill Clinton Sells Obamacare As New Data Shows Decrease In Insurance Premiums

Bill Clinton explained Obamacare in the video above, urging people to sign up for insurance coverage under the state exchanges.

Selling people on enrolling in the exchanges might be made easier in light of a study by the Kaiser Family Foundation found that premiums in the new exchanges are lower than expected:

The nonpartisan Kaiser Family Foundation compiled premium data from the new marketplaces in the 17 states where it is fully available and released a variety of figures showing how much consumers will pay if they choose to purchase coverage individually.

The study is among the first to show in detail what a variety of exchange-based health plans will cost people of different ages and incomes under ObamaCare — a major source of debate between supporters and opponents of the law.

Kaiser researchers looked specifically at states’ largest cities, plus the District of Columbia, and how much young adults, families of four and older couples will have to pay for nonemployer-based health coverage in those areas.

In Baltimore, for example, a 25-year-old will pay $179 per month for the second lowest cost “silver” plan and $115 per month for the cheapest available option, the lowest cost “bronze” plan.

Those monthly premiums drop to $144 and $80, respectively, when researchers assumed that the 25-year-old was eligible for a tax credit based on an income of $25,000 per year.

For a family of four, including two 40-year-old adults, the monthly premium for the second lowest cost “silver” plan would be $683, or $409 with a tax credit based on an income of $60,000.

For the lowest cost “bronze” plan, the family would pay $437 monthly or $164 with the tax credit factored in.

In addition, plans purchased under Obamacare are likely to be more comprehensive in coverage than many insurance plans have been in the past and they cannot be revoked by the insurance company should the purchaser develop an expensive disease.

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