Poll shows what Americans say they can afford to pay for health insurance

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According to a recent nationwide poll from Healthpocket, a full 50 percent of Americans surveyed said the highest monthly premium they can afford to pay for health insurance is $100 a month.

A monthly premium of $200 a month was the next ceiling chosen, with 19 percent of people surveyed saying they could afford that.

Only 9 percent of people surveyed said they could afford a $300 monthly premium, while 6 percent chose $400 per month, and 5% chose a $500 monthly premium as what they could afford.

However, 11 percent responded to the survey saying they could afford to pay over $500 per month for health insurance premiums.

This was the third year in a row that 50 percent of all respondents to the survey indicated $100 a month was the maximum they could afford in health insurance premium.

Obamacare health insurance premiums increased by 15 to 22 percent in 2017, and consumers are concerned that the rates will continue to rise in 2018.

A reported 83 percent of people enrolled in the Obamacare program have incomes that qualify them for premium subsidies, where they end up paying an average of about $106 per month.

However, for those who do not qualify for government subsidies, the average monthly premium is $489.

HealthPocket listed average unsubsidized premiums in 2017 for a 40-year-old non-smoker, for each of the four categories of plans offered by the Affordable Care Act, as follows:

  • $350 – Bronze
  • $410 – Silver
  • $522 – Gold
  • $622 – Platinum

The survey was conducted from September 22-24, 2017, among 1,225 responses, nationwide.

Kev Coleman, head of Research and Data at HealthPocket, noted that the $489 average monthly, unsubsidized cost for Obamacare is about the same as the average monthly payment on a new car loan.

“These very different financial obligations between the unsubsidized and the subsidized are among the forces that contribute to substantially different perspectives on the Affordable Care Act across the nation,” Coleman wrote.

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