“ New Yorkers who've bought health insurance through the state's Affordable Care Act marketplace are paying premiums that cost about half as much, on average, as the coverage would have last year.”
Sep 01, 2014 | 1516 views | 0 0 comments | 8 8 recommendations | email to a friend | print
A recent Newsday editorial http://www.newsday.com * noted: “The online exchange, called the New York State of Health, provides a convenient way for people without job-based insurance to shop for a plan. (As of mid-April) 949,428 people had enrolled via the exchange. Many qualified for Medicaid or Child Health Plus, but 429,894 signed up for insurance from private companies -- 34 percent of them younger than 35. For Long Island residents, monthly premiums for a standard HMO have dropped to as low as $482 from $1,534 for a similar plan in 2013, according to the state health department.”

“For this first year of the law, insurers set premiums for policies on the exchange based on their best guesses about what providing the coverage would actually cost. But when premiums are set for 2015, insurers will base them on a year's experience of actual costs. That's when we'll see whether this year's significant savings are sustainable.”

* to read the full Newsday editorial “Healthy Start for New York Health Exchange” highlight and click on open hyperlink http://www.newsday.com/opinion/healthy-start-for-new-york-health-exchange-editorial-1.7782063

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