Early Exchange Bids from NY are VERY LOW

This news is sufficiently important that I am posting sections of several articles and summaries.

From July 16, 2013 New York Times:

Health Plan Cost for New Yorkers

Set to Fall 50%

By and
Published: July 16, 2013

Individuals buying health insurance on their own will see their premiums tumble next year in New York State as changes under the federal health care law take effect, Gov. Andrew M. Cuomo announced on Wednesday.

Read Full article here. Particularly view the graphic.

http://topics.nytimes.com/top/news/health/diseasesconditionsandhealthtopics/health_insurance_and_managed_care/index.html?inline=nyt-classifier

Comments from today:

New York Times

9) Obamacare is the Right’s Worst Nightmare
from New York Times by Paul Krugman

News from New York: it looks as if insurance premiums on the individual market are going to plunge thanks to Obamacare. This shouldn’t come as a surprise; in fact, the New York experience perfectly illustrates why Obamacare had to look the way it does. And it also illustrates why conservatives should be terrified about this legislation, as it takes effect. Americans may have had a lot of misgivings in advance, thanks to vast, deliberately spread misinformation. But I agree with Matt Yglesias – unless the GOP finds even more ways to sabotage the plan, this thing is going to work, it’s going to be extremely popular, and it’s going to wreak havoc with conservative ideology.

Wall Street Journal

10) Big Labor Wakes Up to ObamaCare
from Wall Street Journal by Editorial Board

Every revolution devours its children, but it’s still surprising to see some of ObamaCare’s keenest boosters deny paternity so soon after the birth. Witness the emotional volte-face from three top union leaders, warning that the program will “shatter not only our hard-earned health benefits, but destroy the foundation of the 40-hour workweek that is the backbone of the American middle class.”

 

11) ObamaCare’s Coalition Begins to Fracture
from Wall Street Journal by Karl Rove

The three union leaders also complained their nonprofit insurance plans are still subject to ObamaCare’s new 2%-3% tax on each insurance policy. They want their members exempted from the tax every other family with health insurance must pay. Who knew labor leaders were such staunch tax opponents? It will not help Democratic enthusiasm in the 2014 midterm elections if ObamaCare causes (a) more workers to lose their union-provided insurance and (b) their hours and paychecks to be cut. In addition, Democratic candidates could be seriously damaged if the three labor bosses follow through on their letter’s threat to stop helping elect Democrats if the law isn’t changed.

2) Obama to Tout Americans Already Benefiting from Health Law
from USA Today by Aamer Madhani

President Obama will use a speech at the White House on Thursday to tout how a provision in his signature health care law is forcing health insurance providers to return money to consumers. With his administration facing deadlines to establish health care exchanges in all 50 states by Oct. 1 and GOP lawmakers continuing to call for a repeal of the law, the president is looking to trumpet the law by highlighting one of the most tangible ways Americans are benefiting from it even as his administration struggles to fully implement it. With that objective in mind, Obama will hone in on what is known as the medical loss ratio provision of the health care law in his speech. The provision requires insurers to refund customers when they spend less than 80% of premiums they collect on medical care. This year the provision will result in 8.5 million Americans receiving $500 million in rebates later this summer, according to the Department of Health and Human Services. The agency estimates that the average rebate is about $100 per family.

Washington Post

8) Obama’s Last Campaign: Inside the White House Plan to Sell Obamacare
from Washington Post by Ezra Klein and Sarah Kliff

The focus on young, minority voters. The heavy reliance on microtargeting. The enthusiasm about nontraditional communications channels. The analytics-rich modeling. It sounds like the Obama campaign. And administration officials don’t shy away from the comparison. But the effort will have to go far beyond engineering turnout among key demographics. The administration needs to build more insurance marketplaces than they ever expected, and create an unprecedented IT infrastructure that lets the federal government’s computers seamlessly talk to the (often ancient) systems used in state Medicaid offices. They need to fend off repeal efforts from congressional Republicans – like Wednesday’s vote to delay the individual mandate – and somehow work with red-state bureaucracies that want to see Obamacare fail. And they can’t escape the fact that the law, three years after passage, remains stubbornly unpopular.

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