During an Aug. 9 press conference, the president said that the 15 percent of the country’s population that’s uninsured would be able to “sign up for affordable quality health insurance at a significantly cheaper rate than what they can get right now on the individual market.” He noted they'll get additional tax credits if "even with lower premiums they still can’t afford it."<quoted text>
Poor, little, habitual teabagging l-o-s-e-r.
But even his own team admits to some fuzzy math on that one.
Health and Human Services Kathleen Sebelius has acknowledged that younger people will likely pay more and older people will pay less on the insurance exchanges. The cost of premiums will also be based on geography and other determining factors like smoking.
Economist Jonathan Gruber of the Massachusetts Institute of Technology, who was a paid adviser on the Obama administration’s health care plans, goes so far as saying that a small share of the uninsured would actually pay higher premiums on the exchanges.