The uninsured in the Detroit area will have 50 plans from
which to choose, some with monthly premiums of less than $100, on the Michigan
health care exchange – the online marketplace that opens on Tuesday.
which to choose, some with monthly premiums of less than $100, on the Michigan
health care exchange – the online marketplace that opens on Tuesday.
According to figures released at midnight by the U.S. Department
of Health and Human Services, the rates on the Michigan exchange, offered by 13
competing insurance companies, are below the national average.
of Health and Human Services, the rates on the Michigan exchange, offered by 13
competing insurance companies, are below the national average.
For example, a 27-year-old with a $25,000 annual income
would pay $89 a month for the bronze (lowest-cost) plan. That price includes
the tax credits offered under the Affordable Care Act, also known as Obamacare.
would pay $89 a month for the bronze (lowest-cost) plan. That price includes
the tax credits offered under the Affordable Care Act, also known as Obamacare.
A family of four with a $50,000 income would pay – after
the tax credits – a monthly premium of $282.
the tax credits – a monthly premium of $282.
“We are not surprised by these rates,” said Don Hazaert,
director of Michigan Consumers for Healthcare. “We … were expecting the
competition to produce low rates.”
director of Michigan Consumers for Healthcare. “We … were expecting the
competition to produce low rates.”
