Wednesday, June 18, 2014

Government Paying 76 Percent Of Premium Under Healthcare Law

By Coleen Elkins

If you look at the photo it represents 75 percent of a pie.

Seventy six percent of people that applied for health insurance received assistance paying for their benefits. The assistance is provided by the Federal Government.

The Federal exchange is responsible for 36 of the 50 states as only 14 states have their own exchange. Only 24 percent of those enrolling did not receive a subsidy. The average premium is $346.00 what that means is typically an enrollee pays just $82.00 per month for their health insurance. In Mississippi the average premium paid by the enrollee is $23.00. It is unclear if the data on the 14 states running their own exchanges will impact these numbers in any way.

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