[Congressional Record Volume 160, Number 99 (Tuesday, June 24, 2014)]
[Senate]
[Page S3927]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
PENNSYLVANIA'S ACA MARKETPLACE
Mr. CASEY. Madam President, I wish to speak about encouraging news
from Pennsylvania. A June 17 article from the Pittsburgh Post-Gazette
details how Pennsylvania's health insurance marketplace, established
through the Affordable Care Act, is working as intended for enrollees.
I would like to enter this article into the Record as evidence of how
the Affordable Care Act is expanding access to health insurance, in
Pennsylvania and throughout our Nation. I ask unanimous consent that
the full text of the article be printed in the Record.
There being no objection, the material was ordered to be printed in
the Record, as follows:
[From the Pittsburgh Post-Gazette, June 17, 2014]
Pa. Health Marketplace `Working' for Enrollees
68% had premiums of $100 or less: report
(By Steve Twedt)
Pennsylvanians who selected midrange coverage ``silver''
plans in the new private health insurance marketplace created
as part of the federal Affordable Care Act paid an average
monthly premium of $60 with tax credits, according to a new
report by the U.S. Department of Health and Human Services.
Overall for all four plans--bronze, silver, gold and
platinum--68 percent of enrollees had premiums of $100 or
less after factoring in tax credits and 47 percent found
plans with premiums of $50 a month or less, the report said.
``What we're finding is that the marketplace is working for
Pennsylvanians,'' said HHS Secretary Sylvia Burwell in a
release. ``Consumers have more choices, and they're paying
less for their premiums.''
More than 300,000 Pennsylvanians have signed up for a
marketplace health plan since enrollment began Oct. 1.
Nationally, the number of enrollees has surpassed 8 million
who HHS says have collectively saved nearly $1.2 billion in
premiums from what insurers had originally sought.
The exchanges are an integral part of the 2010 Patient
Protection and Affordable Care Act, designed to give people,
and particularly the uninsured, access to low-cost health
insurance.
The tax credits for lower income enrollees are a major
factor in plan affordability, as the HHS report said;
Pennsylvanians who were eligible for tax credits saw their
monthly premiums decrease by 74 percent, from $330 to $84.
Information about the tax credits, including eligibility
requirements, can be found at the IRS website: www.irs.gov/
uac/Newsroom/Questions-and-Answers-on-the-Premium-Tax-Credit.
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