OLYMPIA, Wash. (AP) - Some Washington residents may see lower insurance premiums under President Barack Obama's health care law.
In proposed plans released Tuesday, rates vary dramatically among the types of plans and across age ranges. When compared to similar existing plans, one person may see higher premiums while another may see lower monthly payments.
Premera Blue Cross was among those who had proposed lower rates for a plan similar to its current offering. That comes less than a year after the company's executive vice president had warned that he expected premiums to rise 50 to 70 percent.
Under the Obama health law, some individuals may also qualify for federal subsidies to help cover the cost of insurance.
State officials say they are pleasantly surprised by the rate proposals. Individuals who do not currently have insurance will be able to purchase coverage through the exchange starting in October.