Politics

Taxpayers Float 91 Percent of Florida Obamacare Enrollees

By: William Patrick FloridaWatchdog.org | Posted: June 30, 2014 3:55 AM
Obamacare

Obamacare health plans obtained through Florida’s federal exchange are eminently affordable -- when applying generous government subsidies.

On average, those subsidies cost taxpayers 80 cents on the dollar, new data released by the U.S. Department of Health and Human Services shows.

The average cost of a monthly premium for a Florida plan is $347, according to an HHS research brief, released Wednesday. The average tax credit -- paid directly to insurance companies -- is $278, or 80 percent, making the end cost to the Obamacare enrollee only $68.

Floridians making more than $46,000 a year and applying as individuals receive no financial aid, pre-existing condition or not.

Newly confirmed HHS Secretary Sylvia Burwell lauded the assisted premium prices and cited the department’s data as evidence the health-care overhaul is living up to its billing.

“What we’re finding is that the marketplace is working. Consumers have more choices, and they’re paying less for their premiums,” Burwell said in a statement.

“Nearly (seven) in 10 consumers who signed up (nationwide) for marketplace coverage are paying $100 or less for that coverage. When there is choice and competition, everybody benefits,” she said.

But the so-called marketplace doesn’t seem to benefit people who don’t qualify for subsidies. Just 9 percent of participating Floridians aren’t getting government assistance.

Of the reported 1 million Florida enrollees -- the most of any of the 36 states with federally run exchanges -- 91 percent received taxpayer-funded premium assistance. Even more, 98 percent, received subsidies for the exchange’s midlevel silver plan, the most popular selection.

Josh Archambault, a senior fellow at the Naples-based Foundation for Government Accountability, a free-market oriented nonprofit specializing in health policy, said the price the consumer sees is misleading.

“The Affordable Care Act does almost nothing to reduce health insurance premiums, the subsidies on the exchange simply mask the full cost of premiums as federal taxpayers are paying the vast majority of the cost,” Archambault told Watchdog.org.

“Obamacare coverage expansions are paid for with huge tax increases, and reductions in Medicare payments for our nations’ seniors,” he added.

A Forbes analysis, published the same day as the HHS data, found premium prices for individual-market plans in Florida increased an average of 46 percent for men and 34 percent for women since the ACA was fully implemented.

Lee County, encompassing Fort Myers, has the highest rate of increase -- 132 percent for men and 96 percent for women.

Many individual-market plans were canceled as a result of the health law’s new regulations. Those that were reinstated after President Obama issued a public reprieve are slated to be canceled by the end of 2014, if not before.



Contact William Patrick at wpatrick@watchdog.org.


Tags: News, Politics

Comments (2)

Howard
5:12PM JUN 30TH 2014
All right, setting aside the old American axiom that we have an obligation to help our fellow citizens, whether they live in Florida, Maine, or California, let me ask you this: How much does it cost taxpayers to "float" corporations and the wealthy among us with huge tax cuts and tax deductions? Why is it that it's always the "little guy," with his sweaty nose to life's grindstone, who's the one who can never catch a break, while the "rich guy" snickers and works the system to his advantage because we're convinced he's a God-sent angel?
Bill
12:57PM JUN 30TH 2014
So, the Democrats managed to cut the consumer completely out of the picture and have government directly pay insurance companies - the very evil they claimed to despise. Bravo!

Leave a Comment on This Story

The content of this field is kept private and will not be shown publicly.
To prevent automated spam submissions leave this field empty.