We’ve previously described how expensive it is to bribe people to buy health insurance. Now, the Administration has proved it, releasing a report of “affordablility” in the ObamaCare exchanges. ObamaCare enrollees find ObamaCare affordable because they are not paying for most of it:
HHS officials said the average monthly premium before tax credits costs $346 a month, and $82 when the subsidies are included. The biggest savings, 80%, was achieved by second-tier silver-plan purchasers, who averaged $69 in monthly premiums with credits and $345 without them.
The report says 94% of silver-plan buyers received tax credits, and 87% overall got subsidies.
Buyers of first-tier bronze plans saved 76% on average, paying only $1 less on average for their subsidized policies — $68 a month — than did silver-policy holders. HHS says 73% of bronze plans were subsidized. (WSJ)