New York “Hearts” Obamacare

From “Many New Yorkers Will See Big Savings on Health Plans,” Roni Caryn Rabin and Reed Abelson, NYT:

“Individuals buying health insurance on their own will see their premiums tumble next year in New York State….

“State insurance regulators say they have approved rates for 2014 that are at least 50 percent lower on average than those currently available in New York.  Beginning in October, individuals in New York City who now pay $1,000 a month or more for coverage will be able to buy health insurance for as little as $308 monthly.  With federal subsidies, the cost will be even lower.

“Because the cost of individual  coverage has soared, only 17,000 New Yorkers currently buy insurance on their own.  About 2.6 million are uninsured in New York State.

“State officials estimate as many as 615,000 individuals will buy health insurance on their own in the first few years the health law is in effect.  In addition to lower premiums, about three-quarters of those people will be eligible for the subsidies available to lower-income individuals.”

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