Healthcare

How Federal Officials Think About “Affordable”

Excerpt from New York Times article 12-9-15

Kevin J. Counihan, the chief executive of the federal insurance marketplace, said federal subsidies, in the form of tax credits, would make insurance affordable throughout the country. β€œEight in 10 consumers can find coverage for less than $75 a month after those subsidies,” Mr. Counihan said.

If insurance premiums are going up double digit percentages despite rising out-of-pocket costs and more restricted networks,  how is that demonstrating affordability?

What may be more affordable for the individual, is not all that affordable to taxpayers. If 80% of some ten million Americans are paying less than $75 for something that costs several times that amount who do you think is paying the rest? And recall that $75 a month is considerably LESS than a person on Medicare pays. 

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