Posted: Sep 4, 2013 1:22 PM by Associated Press
WASHINGTON (AP) - It's the No. 1 question about President Barack Obama's health care law: Will consumers be able to afford the coverage?
Now the answer is coming in.
The biggest study yet of premiums posted by states finds that the sticker price for a 21-year-old buying a mid-range policy will average about $270 a month. A copy of the study was provided to The Associated Press.
That's before government tax credits that act like a discount for most people, depending on their income.
List-price premiums for a 40-year-old will average close to $330, the study found. They're nearly double that for a 60-year-old, $615 a month.
The study by the private data analysis firm Avalere Health points to a competitive market emerging, said lead author Caroline Pearson, with big price differences among age groups, states and even within states.
(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
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