Posted by | July 3, 2012 19:53 | Filed under: Top Stories

A report by the Council of Economic Advisers shows how states will save billions under the Affordable Care Act.

1. Under Obamacare, states no longer have to finance health insurance for people above 133 percent of the federal poverty level…Obamacare makes residents at higher than 133 percent of the FPL eligible for subsidized health insurance through state insurance exchanges at no cost to states.

2. Under Obamacare, states pay billions less to cover people below 133 percent of the federal poverty line… After five years of Obamacare, the federal government will cover 90 percent of insurance costs for state residents making less than 133 percent of the FPL.

3. By making health insurance universally available, Obamacare slashes the “hidden tax” states pay in health insurance premiums…States pay a “hidden tax” in the form of higher insurance premiums to account for the cost of covering the uninsured. “By greatly reducing uncompensated care,” the Council explains, Obamacare works to “reduce this hidden tax.”

By: Alan

Alan Colmes is the publisher of Liberaland.