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Insurance premiums seen lower than forecast on health law

Bloomberg, July 19, 2013
Premiums for some medical plans to be sold to the uninsured next year will be 18 percent less costly than government analysts expected under President Barack Obama's signature health-care law, his administration reported. A benchmark measure of the Affordable Care Act's promise shows monthly rates for "silver" plans will average $321 in 11 states examined in a report today from the Health and Human Services Department. Congressional Budget Office estimates from last year saw silver premium rates averaging $392, HHS said. Obama touted the findings at a White House event designed to promote the benefits of a law that his Republican opponents in Congress are trying to derail before the core provisions take hold Jan. 1.