Trending News|July 18, 2013 12:28 EDT
Obamacare to lower rates for New Yorkers; but does the math add up?
In what is likely a move to increase his approval rating, Obama's Obamacare is set to decrease the cost of healthcare for New Yorkers by 50%.
The policy for individuals within the state who are buying health insureanceon their own are subject to change in New York State easy next year, through changes seen in the federal health care law. Many state insurance regulators are saying they have approved ratings for 2014 that are at least, and sometimes more than 50% lower. Many are saying that the math just simply doesn't add up.
"There's one big problem with that claim: Premiums won't actually go down-the increases will just be lower than expected. " said Chris Jacobs of the foundry.
Others are saying that the change will be transparent.
We're seeing in New York what we've seen in other states like California and Oregon - that competition and transparency in the marketplaces are leading to affordable and new choices for families," said Joanne Peters, a spokeswoman for the Department of Health and Human Services.
Changes in rates for small business and unions will also change, but that change is not clear yet. Although the rates might be lower, it still will not account for the drastic increase small business owners have seen over the last few years.
Jerry Ball, 46, a small business owed in Queens, said: "Will I be able to maintain my doctors? I'm concerned that some of the better doctors aren't going to take health insurance.I have to be careful. I can't be denied coverage, right?"
With hope, the Obamacare Administration will release clarity on the changes in the coming months before they go into affect next Spring.