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http://boards.fool.com/whyohwhyoh-posts-estimates-may-be-well-below-what-30711924.aspx
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| Subject: Re: Obamacare 'Rate Shock' in California | Date: 5/31/2013 10:41 PM | |
| Author: intercst | Number: 72336 of 88033 | |
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whyohwhyoh posts, Estimates may be well below what was forecasted, but it is still going to be more than double the current price for 25-40 year olds. Per Forbes, in California 40 year old was $121/month, new rate under Obamacare is $261/month. For 25 year olds, price was $92/month, under Obamacare between $184-$205/month. So for younger 25-40 year olds who are relatively healthy and purchase insurance on there own.. they will see a substantial increase. So for relatively healthy younger early retirees, rates will increase by a large amount, unless your income drops low enough into the "low income" category. Then you get discounts off the published rates. http://www.forbes.com/sites/theapothecary/2013/05/30/rate-sh...... </snip> That Forbes column by Avik Roy has already be debunked. He uses a low-ball ehealthinsurance premium that only a small portion of 25-40 year olds qualify for and compares it to an Obamacare premium available to 100% of the 25-40 year old population. Apples vs. Oranges comparison. I concede that if you have the health & fitness of an astronaut, you might get a better price under the current system. intercst |
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