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Obama’S $3,000 Health-Law Premiums Test Limits Of Affordability

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http://www.bloomberg.com/news/2013-09-25/obama-pulls-back-curtain-on-health-law-to-reveal-rates.html

Health insurance under Obamacare will cost individuals at least $2,988 a year on average, a price that Republican opponents may target as out-of-reach for many Americans who don’t qualify for U.S. subsidies.

While the $249 monthly payment is intended to be discounted through tax credits, less than half of people now buying insurance on their own may get that help. The release of the data by the Obama administration comes just six days before the Affordable Care Act’s insurance exchanges open for enrollment, and a day after Ted Cruz, a Texas Republican, took the floor of the U.S. Senate to oppose the law.

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The act was created to benefit low-income people, including 48 million now uninsured -- about 15 percent of the population, according to the Census Bureau. To help offset the cost of older, sicker individuals in this group, the law mandates that every American buy insurance, including young, healthy adults who pay for health plans but rarely use them.

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About 60 percent of the uninsured will find coverage for no more than $100 a month when taking into account subsidies and the effect of Medicaid programs for the poor, according to the U.S. Department of Health and Human Services.

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The report today outlined rates for exchanges in 47 states and illustrates the effect of subsidies available for people earning less than four times the poverty level -- about $94,000 for a family of four. None of the companies selling plans in the states were identified.

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The rates vary widely by state. The highest prices noted in the data are in Wyoming, where the cheapest bronze plan averages $425 a month for an individual and the cheapest silver plan $489. In Minnesota, prices average $192 a month for the cheapest silver plan and $144 for the lowest bronze plan.

Aren't there some people in the US earning around $10k? $100 a month for health care it too expensive after housing / food / utilities is taken out you aren't going to have anything left for the luxury of healthcare.

Earning up to $94k and still struggling. It would appear the US is also having a cost of living crisis.

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http://www.bloomberg.com/news/2013-09-25/obama-pulls-back-curtain-on-health-law-to-reveal-rates.html

Aren't there some people in the US earning around $10k? $100 a month for health care it too expensive after housing / food / utilities is taken out you aren't going to have anything left for the luxury of healthcare.

Earning up to $94k and still struggling. It would appear the US is also having a cost of living crisis.

Well since average hourly wages in the U.S. are less now than in 1972 queue obvious solution....

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