Obamacare’s new ‘premium’ plan: $300/month for single coverage
A new Obamacare premium plan offers a lower deductible and co-pays for consumers who buy their insurance on the Obamacare exchanges.
The plan, called American Modern Insurance, has been released by the insurance giant.
The company is offering a plan for the cost of an average-priced policy that is more than three times what it was originally expected to cost.
The premium is about $300 a month for single-payer coverage, which is a standard benefit.
It’s about twice what insurers will pay for an average policy for single payer.
That’s because Americans are getting more subsidies, which make the premiums less expensive.
But many insurers are pulling back from the insurance marketplaces, which have been plagued by delays and high premiums.
The Congressional Budget Office said last month that more than 30 million people are expected to be uninsured by mid-2019.
A new health plan from the Kaiser Family Foundation also came out Monday, promising to lower premiums for older people and people with pre-existing conditions.