(WASHINGTON) – Today,
the Department of Health and Human Services (HHS) released a report
demonstrating how, under the Affordable Care Act, increased competition
in the federal Health Insurance Marketplace will
lead to increased competition and lower health insurance premiums
across the country. Specifically, the report details how premiums will
be 16 percent lower than originally projected, and that the average
consumer will have 53 different healthcare plans available
for purchase on the Health Insurance Marketplace. Following the release
of this report, Congressman John Conyers, Jr. (D-Mich.) issued the
following statement:
 | |
| U.S. Representative | John Conyers, Jr. |
“I am delighted to see that a
new report from the Department of Health and Human Services has clearly
demonstrated how the Affordable Care Act is working to increase
healthcare marketplace competition which means lower
premiums and increased choice for residents of metropolitan Detroit and
consumers across the country,” said Conyers.
“Prior to the implementation of
the Affordable Care Act, millions of Americans were unable to afford
health insurance, or were outright denied coverage, typically due to a
pre-existing condition. However, beginning January
1st of next year, near-universal health insurance will be
extended to all. In addition, due to robust competition spurred on by
provisions of the Affordable Care Act, a variety of low-cost plans will
become available to meet the lifestyle needs
of any family or individual.
“For the median family of four
In Detroit, a basic ‘Bronze Plan’ would cost only $118 a month, and an
intermediate ‘Silver Plan’ would cost only $282 a month, with federal
credits. For the average 27 year old, a basic
‘Catastrophic Plan’ would cost only $105 a month, a ‘Bronze Plan’ only
$138, a ‘Silver Plan’ only $157, and a high-end ‘Gold Plan’ only $181
monthly.
“I encourage my constituents in
Michigan who lack health insurance, as well as all individuals around
the Nation without coverage, to take advantage of these affordable
options next Tuesday, October 1st when
the online health insurance exchanges open. Those with private
insurance or insurance provided by an employer will be able to keep
their coverage. As reports continue to come out highlighting the
positive ways the Affordable Care Act is reshaping the healthcare
industry, I look forward to working with both my constituents and
fellow lawmakers to make implementation of the law a success.”
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