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“Today’s report confirms that the increased competition and consumer protections in the reform law will lower health insurance premiums for millions of American families and businesses,” said U.S. Rep. George Miller (D-Calif.), the senior Democrat on the House Committee on Education and the Workforce. “At a time when budgets are already stretched thin by rising costs, this is one more example of how families and businesses are benefitting from the health care law and can ill afford the reckless Republican effort to repeal it.”
Among other protections, the Affordable Care Act creates state-based health insurance exchanges, a transparent marketplace where individuals without coverage and small businesses will be able to band together and drive down prices. The HHS analysis found that families purchasing a private policy through their state’s exchange could save as much as $2,300 a year in 2014.
Click here to read the HHS report.
Families and Businesses Cannot Afford GOP Repeal of Patient Protections, HHS Report Confirms
WASHINGTON, D.C. – Millions of individuals, families and small businesses will see health insurance premiums 14-20 percent lower beginning in 2014 under President Obama’s health reform law, according to a new analysis by the U.S. Department of Health and Human Services (HHS) released today. These lower premiums would be in addition to tax credits that families and businesses may receive, and reverses the current trend where premiums have doubled over the last decade.“Today’s report confirms that the increased competition and consumer protections in the reform law will lower health insurance premiums for millions of American families and businesses,” said U.S. Rep. George Miller (D-Calif.), the senior Democrat on the House Committee on Education and the Workforce. “At a time when budgets are already stretched thin by rising costs, this is one more example of how families and businesses are benefitting from the health care law and can ill afford the reckless Republican effort to repeal it.”
Among other protections, the Affordable Care Act creates state-based health insurance exchanges, a transparent marketplace where individuals without coverage and small businesses will be able to band together and drive down prices. The HHS analysis found that families purchasing a private policy through their state’s exchange could save as much as $2,300 a year in 2014.
Click here to read the HHS report.
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