Friday, September 6, 2013

The ACA, aka Obamacare - is working, better than predicted per latest study!

cross posted from MNPP


a black caduceus,
aka the staff of Aesclapius

There have been multiple aspects of the ACA that have recently been the subject of studies, which refute the false claim that full time jobs are being impacted  (they aren’t), and  false claims about high costs.

The most recent study was reported in TP, a study by the well-regarded non-partisan Kaiser Family Foundation, which you can read here.

But if you are more in the mood for a summary, it’s this – Obamacare is working, and overwhelmingly, it is either reducing costs, or greatly slowing the increase in costs, and the success has in most locations for most people, been even better than predicted.
Strikingly, in every city analyzed, a family of four with two 40-year-old adults and a household income of $60,000 per year would pay $409 per month for the second-cheapest Silver plan after receiving subsidies. That’s more or less in line with the average $4,565 per year that workers currently contribute towards their employer-sponsored health insurance plans.

…While the KFF researchers emphasized that there will be significant variation in Obamacare premiums depending on geographic location, they concluded that premiums would be lower than what the government expected, writing, “the latest projections from the Congressional Budget Office imply that the premium for a 40-year-old in the second lowest cost silver plan would average $320 per month nationally. Fifteen of the eighteen rating areas we examined have premiums below this level, suggesting that the cost of coverage for consumers and the federal budgetary cost for tax credits will be lower than anticipated.”

Plans purchased through the Obamacare marketplaces will be significantly more robust than current individual policies, which often skimp on essential coverage to bring down their prices and have been dismissed by consumer advocates as “junk insurance.” Obamacare marketplace plans must cover 10 broad categories of “essential health benefits,” including for prescription drug coverage, mental health services, and maternity care.
Yup, that’s what ‘WORKING” looks like. And that is why conservatives hate it – they could have implemented it, but they didn’t.  Now they don’t want anyone else to get the credit. They would rather have a sick nation, a nation where people die without treatment, a nation where without good health care for the greatest possible number of people we are at grave risk for public health related massive outbreaks of disease.

Family values party, with pro-life values? I don’t think so; the evidence is clearly overwhelmingly to the contrary. They are the party of cheap AND stupid, aka the GOP/Tea Party.

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