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White House: Premiums will fall for many in Florida
White House: Premiums will fall for many in Fla.
BY KELLI KENNEDY
Associated Press
August 6, 2014
FORT LAUDERDALE, FLA. — The majority of Floridians who purchased health plans through the Affordable Care Act will actually see their out-of-pocket costs decrease, especially in big cities such as Miami and Orlando, according to senior White House officials. That's the opposite of what state officials, under Republican Gov. Rick Scott, said earlier this week.
Analyzing rates for the 2015 health plans sold through President Barack Obama's law can be tricky and politicians on both sides are eager to use the figures as evidence of the law's success or failure.
An estimated 75 percent of Floridians live in areas where the silver premium will actually decline, Tasha Bradley, a spokeswoman for the federal Department of Health and Human Services told The Associated Press. Their analysis shows the cost of that silver plan will decrease by 6 percent in Miami, 12 percent in Orlando and 17 percent in West Palm Beach.
Of the nearly 1 million plans purchased in Florida this past year, 73 percent were silver plans. It's also the most common plan nationwide because the subsidy tax credit is based on the silver plan, which is the second-lowest priced.
The state said Monday that consumers could expect an average premium increase of 13 percent in 2015. State officials calculated the average of premiums for all plans, bronze, silver, gold and platinum to arrive at the figure, but the Obama administration says it's misleading to average the premium costs of all plans because most people purchase silver plans.
State insurance officials didn't immediately comment Wednesday.
more...
BY KELLI KENNEDY
Associated Press
August 6, 2014
FORT LAUDERDALE, FLA. — The majority of Floridians who purchased health plans through the Affordable Care Act will actually see their out-of-pocket costs decrease, especially in big cities such as Miami and Orlando, according to senior White House officials. That's the opposite of what state officials, under Republican Gov. Rick Scott, said earlier this week.
Analyzing rates for the 2015 health plans sold through President Barack Obama's law can be tricky and politicians on both sides are eager to use the figures as evidence of the law's success or failure.
An estimated 75 percent of Floridians live in areas where the silver premium will actually decline, Tasha Bradley, a spokeswoman for the federal Department of Health and Human Services told The Associated Press. Their analysis shows the cost of that silver plan will decrease by 6 percent in Miami, 12 percent in Orlando and 17 percent in West Palm Beach.
Of the nearly 1 million plans purchased in Florida this past year, 73 percent were silver plans. It's also the most common plan nationwide because the subsidy tax credit is based on the silver plan, which is the second-lowest priced.
The state said Monday that consumers could expect an average premium increase of 13 percent in 2015. State officials calculated the average of premiums for all plans, bronze, silver, gold and platinum to arrive at the figure, but the Obama administration says it's misleading to average the premium costs of all plans because most people purchase silver plans.
State insurance officials didn't immediately comment Wednesday.
more...
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