ST Alpha - "And there's this irony: Premiums are much lower than the Congressional Budget Office estimated when the law first passed." (Reading a Post)

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And there's this irony: Premiums are much lower than the Congressional Budget Office estimated when the law first passed.

Posted by ty97 Oct 29 '13, 11:56

This is meaningless to people seeing a significant increase, of course. I don't expect that statement "it was expected to be a bigger increase" to provide any comfort to anyone.

Nonetheless:
" Spiro and Gruber find that the average individual premium in the Affordable Care Act's insurance marketplaces was projected to be $4,700 in 2014. In fact, it's more like $3,936 -- $764, or 16 percent, lower than expected."

Which is nice for the budget:

" If the savings hold, the Affordable Care Act will cost $190 billion less than the CBO estimated over the next decade."

link (www.washingtonpost.com)

Responses:

$190 billion is almost enough to cover one government shutdown per year for the next decade. -- nm - Max Oct 29, 12:18
That is interesting. I'd be curious to see what the premiums were in 2013. -- nm - Inigo Oct 29, 12:02 6
- 2013 health benefits survey: Annual premiums for employer-sponsored family health coverage reached $16,351 this year, up 4 percent from last year, -- (link) - mara Oct 29, 12:09 2
  - Thanks. It must not be the same number that the Washington Post is using. - Inigo Oct 29, 12:16
  - My personal contribution to my employer-sponsored plan rose around 5% for 2013. - ty97 Oct 29, 12:11
- I think it would be apples and oranges. Or maybe it would be comparing apples, oranges, and bananas to a whole produce department. - ty97 Oct 29, 12:04 2
  - It'd be nice to see both numbers. The ones that only include compliants plans and all plans. -- nm - Inigo Oct 29, 12:08 1
    - true -- nm - ty97 Oct 29, 12:10

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And there's this irony: Premiums are much lower than the Congressional Budget Office estimated when the law first passed.

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