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Wednesday, July 17, 2013

Insurance premiums to fall 50% for New Yorkers due to Health Reform

On the homepage of NY Times today.

Highlights:
  • Health insurance exchanges established via ACA (online health insurance shopping), are driving transparency in pricing and competition, leading to more affordable premiums
  • The exchange will offer a choice of 17 plans, including one offered by North Shore Long Island Jewish health system, who is just entering the health insurance market 
  • UHG and Wellpoint will be on the exchange
  • Initial estimate of 615K New Yorkers signing up within first few years
Will this be sustainable?  Will these plans be generous enough?  Didn't we already see this play out in Massachusetts?

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