Clinton Encourages Americans to Utilize Health Insurance Exchanges

Bill Clinton

The countdown to health insurance exchanges around the country opening for business has officially started. In less than a month, Americans will have the option of choosing a health plan offered via the government’s Affordable Care Act — and Bill Clinton is hoping you will take this route.

He is making rounds in support of the health reform law, which will take effect in 2014. As he encourages Americans to sign up for health exchanges, a new survey shows that doing so will likely be a cost-effective decision.

Bill Clinton Pushes Health Insurance Exchanges

Former president Bill Clinton is pleading with Americans to get out and support the Affordable Care Act by signing up with health insurance exchanges when they begin accepting new customers on October 1, according to recent reports.

In a speech he made in his hometown of Little Rock, Arkansas on Wednesday, he explained that signing up for health insurance is a decision that will improve Americans’ personal health, as well as the nation’s economic welfare.

“The health of our people, the security and stability of our families, and the strength of our economy are all riding on getting health care reform right and doing it well,” he explained.

In his speech, Clinton admitted that health care reform has some problems that need to be addressed. One of the biggest issues is a lack of information from the Obama administration on how the law works and how it benefits Americans.

He went on to explain who would qualify for government assistance to help pay for the cost of coverage and shared websites where individuals can learn more about the law and how they can acquire health insurance when the exchanges open.

Kaiser Survey Shows Affordable Care Act Will Be Cost-Friendly

In separate news, a survey released by the Kaiser Family Foundation supports the idea that signing up for coverage under the Affordable Care Act could be a good financial choice.

The 17-state survey of premiums under the health care overhaul, which was released earlier this week, found that a 25-year-old New York earning $25,000 a year could pay as little as $62 a month for coverage. A peer living in Vermont could pay nothing at all.

This is good news for uninsured individuals who have wondered how they will afford coverage that requires purchase to avoid paying a penalty.

The Affordable Care Act offers a system of state-based online and telephone exchanges that will sell insurance from a number of existing health insurance companies, including UnitedHealth Group Inc. The insurance will be offered under four different health plans — bronze, silver, gold and platinum, with bronze being the least comprehensive and platinum the most.

Some states have also opted to expand their Medicaid coverage to allow more individuals to qualify. Federal subsidies will also be available to help lower the cost of coverage for low- and middle-income consumers.

Image: mou-ikkai