Feds Release Premium Rates for Insurance Marketplace
As the nation watched U.S. Sen. Ted Cruz on Tuesday argue for hours to defund Obamacare — even at the cost of shutting down the federal government — the Obama administration released preliminary data showing that premium rates in the health insurance marketplace created by the law will be comparatively low for Texans.
“In just 99 days, millions of Americans will finally have the security and peace of mind that have eluded them for years,” U.S. Health and Human Services Secretary Kathleen Sebelius said on a press call, “as coverage starts to kick in on insurance purchased through the new health insurance marketplace.”
To help people comply with the individual health insurance mandate that takes effect on Jan. 1, the federal government will launch an Orbitz-style online marketplace on Oct. 1 for consumers to apply for tax credits and compare and purchase health plans.
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