Saturday, August 23, 2014
Inquirer Daily News

Obamacare Insurance Prices Could Be Half What Some Residents Now Pay

The news is better than good -- and better than expected. The price of insurance sold on the ACA/Obamacare marketplace could be half as much as New Jersey residents pay now for similar coverage.

Obamacare Insurance Prices Could Be Half What Some Residents Now Pay

The news is better than good -- and better than expected. The price of insurance sold on the ACA/Obamacare marketplace could be half as much as New Jersey residents pay now for similar coverage.

It's still to early to make precise cost comparisons. While information about prices was released yesterday, details about the plans were not. And plans are bound to vary widely, so making one-to-one comparisons is exceedingly tough. Still, at first blush, it appears as if some policies will cost about what they do now while others could be at least 50 percent cheaper.

For months the concern has been that rates in New Jersey would not be reduced because the Affordable Care Act has new mandates -- such as dental care -- and barebones plans will now longer be on offer.

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