Obamacare is working great already generating significant savings. Savings include allowing people up to age 26 to remain insured under their parent’s health care plans. This helped millions of young adults to have healthcare and save money. The growth of health care cost under Obama is consistently below inflation rate unlike the regular double digit yearly increases in the past. This is the main reason the budget deficit is dropping quickly, the government is spending much less than projected on healthcare. It seems now quite possible the Federal government will see a budget surplus before Obama leaves office. Further savings are ahead, individuals buying health insurance on their own will see 50% or more drop in insurance costs, at least in NY which one of the states best in implementing Obamacare.
Health care premiums on the individual market will tumble by at least 50 percent as a result of the Affordable Care Act, the New York Times reported on Wednesday. The state joins Oregon, Montana, California, and Louisiana in reporting lower than expected rates in the law’s new health care marketplaces.