Will good news about health care reform trigger yet another vote in the House repealing the Affordable Care Act (ACA), aka Obamacare? Bet on it.
A new analysis by the Obama administration found that in 11 states where data is available, the lowest cost “silver” plan – which covers 70 percent of medical costs – will cost, on average, 18 percent less than the CBO [Congressional Budget Office] estimated.
And an ACA provision that allows states to review any double-digit premium increases appears to have had a chilling effect on the practice. In 2010, 75 percent of insurers proposed double-digit rate increases, but that number has fallen to 14 percent in early 2013, according to senior administration officials.
In Oregon, several proposed rate hikes in the individual market were cut by amounts ranging from a few percentage points to 30 percent. Similar results were reported in Washington, D.C., Rhode Island and Vermont.
Earlier this week officials in New York announced that final rates in the individual market would be at least 50 percent lower on average than current rates.
I blame Obama for this.