Obamacare is Working

According to a new report released today by Democrats on the House Energy and Commerce committee , Obamacare may lead to a significant reduction in the cost of health insurance in some states.

Early filings show that insurers in some states are planning to lower their premiums after President Obama’s healthcare law takes effect, Democrats noted on Monday.

Democrats on the House Energy and Commerce Committee cited the initial rate filings to argue that the health law’s Republican critics have oversold the potential effect on premiums. [...]

Premiums the cheapest plan in Oregon are expected to fall by an average of 11 percent, and customers in Washington could see a price drop of 21 percent for the cheapest policy, according to the Democratic summary of state rate filings.

Why are insurers in some states planning to lower their premiums? Because they discovered that after they place their insurance plans on the exchange market, they would not be competitive without lowering the cost. And that’s the entire point of establishing a state exchange market. The point is to lower costs.

It’s the free market at work. Or as Republicans like to call it — big government socialism.

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  • D_C_Wilson

    Well, you know what that means.

    Time for the House to hold its 38th vote to repeal Obamacare!

    • Christopher Foxx

      “We can’t have something put in place that might reduce health care costs if it was done by a Democrat. So clearly it has to be repealed. That is obvious.”

      That is how Republicans think these days.

  • Ned F

    I’m cautiously optomistic, but I do fear our exchange here in PA, (if our repub governer finally relents), won’t be any different than currently going on einsurance.com and choosing from high premium, high deductable, basically useless for anything but crisis policies. They are the same companies operating now, right? they don’t compete, because they don’t need to.

  • nathkatun7

    I can personally testify that Obama care is working for me. I am a senior citizen. Since 2011my payment for my asthma prescription drugs was cut in half. I’ve also had two annual check-ups without paying a penny. On top of that, the monthly insurance premium payment for my senior supplemental insurance has gone down. I am now paying almost $60.00 less than I paid last year. I really don’t understand why many Seniors are supposedly against Obama Care. I think seniors are reaping the most benefit from Obama Care.