FILE – This Oct. 11, 2012 file photo shows a basket of medical supplies await storage in Brookhaven, Miss. The No. 1 question about President Barack Obama’s health care law is whether consumers will be able to afford the coverage. Now the answer is coming in: The biggest study yet of premiums posted publicly by states finds that the sticker price will average about $270 a month if you’re a 21-year-old buying a mid-range policy. That’s before government tax credits that will act like a discount for most people, bringing down the cost based on their income. (AP Photo/Rogelio V. Solis, File)
WASHINGTON (AP) — President Barack Obama’s health care law appears to mirror a trend in job-based insurance, where employees are being nudged into cost-saving plans that require them to pay a bigger share of their medical expenses.
Two independent studies out this week highlighted attractive prices for less-generous “bronze” plans that will offer low monthly premiums but require patients to pick up more of the cost if they get sick.
Consumers might avoid “rate shock” over premiums, but some could end up struggling with bigger bills for the care they receive.
The Obama plans will be available starting Oct. 1 for people who don’t have access to coverage on the job.
Studies by the nonpartisan Kaiser Family Foundation and Avalere Health provided the first look at Login to read more