Obamacare costs News

Obamacare Mitigates Costs for Big Employers, Refuting Lobbyists’ Predictions

Business groups said soon after Obamacare became law in 2010 that the sweeping healthcare overhaul would impose huge new costs on U.S. employers, leading to job losses. Three years later, with the Patient Protection and Affordable Care Act in effect, …

Private Premiums Under Affordable Care Act 15% Below Forecast, Says CBO

The health law will cost $104 billion less over the next decade, the Congressional Budget Office said after premiums for private Obamacare plans came in lower than the agency expected. The premium for a benchmark “silver” level plan, the second-most …

Florida, Georgia Say Individual Insurance Rates to Spike Under Obamacare

Florida and Georgia, two states where politicians oppose U.S. President Barack Obama’s healthcare law, said this week that insurance rates for individuals would rise sharply in 2014 under the reform. The remarks are part of an increasingly polarized debate over …

States Brace for Web Barrage When Obamacare Goes Live Oct. 1

About 550,000 people in Oregon do not have health insurance, and Aaron Karjala is confident the state’s new online insurance exchange will be able to accommodate them when enrollment under President Barack Obama’s healthcare reform begins on Oct. 1. What …

Republicans Renew Push for Repeal of Obamacare

The White House announced a new $150 million initiative on Thursday to get uninsured Americans covered under President Barack Obama’s healthcare reform law, as Republicans raised the volume on their calls for “Obamacare” to be repealed. The enrollment program will …

Obamacare to Hike Some, Lower Other Individual Health Premiums: Sebelius

President Barack Obama’s top healthcare adviser acknowledged on Tuesday that costs could rise in the individual health insurance market, particularly for men and younger people, because of the landmark 2010 healthcare restructuring due to take effect next year. U.S. Health …

Obama Administration Says Health Insurance Exchanges on Track

The Obama administration on Thursday assured U.S. lawmakers that it is on track to enroll millions of people in new state health insurance markets, but it quickly came under fire from Republicans and Democrats about how costly the coverage may …