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Average price of insurance under Obamacare: $328 a month

  • The average cost of a mid-tier health insurance plan under Obamacare is $328 a month, price data from the government showed yesterday, just a week before enrollment in the healthcare overhaul is due to begin on October 1.
  • As you'd expect, prices were cheaper in the states with more competition.
  • The Obama administration hopes to sign up 7M consumers in the first year, with 2.7M young and healthy Americans set to pay for those who are older and sicker. The average premium for a 27-year-old nonsmoker will range from $163-$240 a month.
  • Health insurers that intend to sell plans on some exchanges include UnitedHealth (UNH), Aetna (AET), WellPoint (WLP) and Humana (HUM). Molina Healthcare (MOH) is also set to play a role.
  • ETFs: XLV, XHE, VHT, FXH, IHF, IHI, IYH, PTH, RYH, PSCH, RXL, RXD, XHS.
Comments (8)
  • awakeinwa
    , contributor
    Comments (295) | Send Message
     
    costco style volume healthcare pricing ftw.
    25 Sep 2013, 04:54 AM Reply Like
  • bdy
    , contributor
    Comments (150) | Send Message
     
    I'm boycotting this. Also, I'm boycotting the fine associated with it. IRS.gov clearly states they don't have authority to garnish wages or fine you for not having insurance. They can confiscate a tax refund however. Which they think will make people pay. I haven't got a refund in over 5 years that was over 999.
    25 Sep 2013, 05:36 AM Reply Like
  • pman6
    , contributor
    Comments (270) | Send Message
     
    barebones health insurance for 27 year olds should be about $65 only. no one is going to pay 160-240
    25 Sep 2013, 07:04 AM Reply Like
  • Jkj193741
    , contributor
    Comments (16) | Send Message
     
    On what planet? My grandson is 26 and a non-smoker and he pays $496.53.
    25 Sep 2013, 09:03 AM Reply Like
  • beatingthestreet
    , contributor
    Comments (150) | Send Message
     
    Let's just say I am highly skeptical of this administration's predictive capabilities, given its track record to date.
    25 Sep 2013, 07:29 AM Reply Like
  • elaynew9
    , contributor
    Comments (4) | Send Message
     
    If the average is going to be 328.00 per month. What will be the deductible
    25 Sep 2013, 07:33 AM Reply Like
  • 9134751
    , contributor
    Comment (1) | Send Message
     
    The deductible will be 9.5% of your gross income as entered on your tax return. Hence $90,000.00 joint income will = $8550.00 deductable per year. What a joke this law is.
    25 Sep 2013, 09:54 AM Reply Like
  • DOGS THAT BARK
    , contributor
    Comments (129) | Send Message
     
    As an insurance broker I find it interesting on difference of how and who is doing reporting.

     

    example
    http://fxn.ws/1h0sLSN
    25 Sep 2013, 10:30 AM Reply Like
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