UnThreaded | Threaded | Whole Thread (9) | Ignore Thread Prev | Next
Author: intercst Big funky green star, 20000 posts Top Favorite Fools Top Recommended Fools Feste Award Nominee! Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75595  
Subject: Re: Obamacare 'Rate Shock' in California Date: 5/31/2013 10:41 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 8
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
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (9) | Ignore Thread Prev | Next

Announcements

The Retire Early Home Page
Discussion on accelerating retirement day.
Post of the Day:
Berkshire Hathaway

Burger King's Play Not For Taxes?
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement