(Source: The New York Times)
- New York is the 2nd big state to announce falling health insurance costs since
ObamaCare was enacted.
- State insurance regulators have approved rates for 2014 that are at least 50 percent lower on average than those currently available in New York.
- Beginning in October, individuals in New York City who now pay $1,000 a month or more for coverage will be able to shop for health insurance for as little as $308 monthly.
- ObamaCare is spurring competition among insurers that are anticipating an influx of new customers.
- The new premium rates do not affect a majority of New Yorkers, who receive insurance through their employers, only those who must purchase it on their own.
- About 2.6 million are uninsured in New York State.
- A person with a $20,000 income will pay about $85 a month for a silver plan, while someone earning $25,000 will pay about $145 a month for a silver plan.
- Lower health insurance costs bolster communities because residents have more discretionary income to spend in their own neighborhoods.
- Benefits experts predict more employee mobility because workers won’t be tied to jobs just for the health insurance.
- If they tell you Obamacare is not working, tell them this!
