Health insurance will be free for some Americans on the new Affordable Care Act exchanges, according to a Health and Human Services analysis released Wednesday on insurance costs.
The average premium works out to zero after the tax subsidy for a family of four earning $50,000 a year on the lowest-cost bronze plan in Fairfax County, Virg., Jackson, Miss., and Anchorage, Ala., the HHS said. That’s because they will qualify for enough tax subsidies to cover the entire cost of the plan.
“Yes, people can get a zero premium bronze plan after the tax credit,” said Gary Cohen, director of the Center for Consumer Information and Insurance Oversight at the Centers for Medicare and Medicaid Services, who is responsible for implementing the exchanges.
The zero-dollar price tag also means that some families will pay less than individuals for coverage.
“Because premiums for older individuals and families are higher than those for younger individuals, tax credits are larger for older individuals and families,” the report says. “Therefore, using tax credits to purchase a bronze plan may yield lower bronze premiums for older individuals and families than for younger individuals.”
It is unclear how many families will be eligible for such a deal, and if there are other income brackets that will also qualify. In Fairfax County, Virg., for instance, a 27-year-old making $25,000 per year would pay $66 per month for the lowest cost bronze plan coverage and that family of four making $50,000 would pay $282 per month if they chose to enroll in second-lowest silver plan coverage, according to the HHS report.
The study includes new data from states with federally-run exchanges. Complete details about premiums and plan offerings will be available, Cohen said, once the exchanges open for enrollment on Oct. 1.
What We're Following See More »
"It is with humility, determination, and boundless confidence in America’s promise that I accept your nomination for president," said Hillary Clinton in becoming the first woman to accept a nomination for president from a major party. Clinton gave a wide-ranging address, both criticizing Donald Trump and speaking of what she has done in the past and hopes to do in the future. "He's taken the Republican party a long way, from morning in America to midnight in America," Clinton said of Trump. However, most of her speech focused instead on the work she has done and the work she hopes to do as president. "I will be a president of Democrats, Republicans, and Independents. For the struggling, the striving, the successful," she said. "For those who vote for me and for those who don't. For all Americans together."
Supporters of Bernie Sanders promised to walk out, turn their backs, or disrupt Hillary Clinton's speech tonight, and they made good immediately, with an outburst almost as soon as Clinton began her speech. But her supporters, armed with a handy counter-chant cheat sheet distributed by the campaign, immediately began drowning them out with chants of "Hillary, Hillary!"
If a new poll is to be believed, Hillary Clinton has a big lead in the all-important swing state of Pennsylvania. A new Suffolk University survey shows her ahead of Donald Trump, 50%-41%. In a four-way race, she maintains her nine-point lead, 46%-37%. "Pennsylvania has voted Democratic in the past six presidential elections, going back to Bill Clinton’s first win in 1992. Yet it is a rust belt state that could be in play, as indicated by recent general-election polling showing a close race."
Wednesday was the third night in a row that the Democratic convention enjoyed a ratings win over the Republican convention last week. Which might have prompted a fundraising email from Donald Trump exhorting supporters not to watch. "Unless you want to be lied to, belittled, and attacked for your beliefs, don't watch Hillary's DNC speech tonight," the email read. "Instead, help Donald Trump hold her accountable, call out her lies and fight back against her nasty attacks."
Catholics who attend mass at least weekly have increased their support of the Democratic nominee by 22 points, relative to 2012, when devout Catholics backed Mitt Romney. Meanwhile, a Morning Consult poll shows that those voters with advanced degrees prefer Hillary Clinton, 51%-34%. Which, we suppose, makes the ideal Clinton voter a Catholic with a PhD in divinity.