Nation/World

Obamacare: Health Insurance Exchanges to Open Oct. 1

President Barack Obama’s health care law is scheduled to take effect Oct. 1, when enrollment in insurance exchanges will begin.

doctor-kneeObama has been encouraging uninsured Americans to sign up for health care coverage. The president has said the cost of the plan will be less than originally expected.

Some 7 million Americans, who do not receive health insurance through their employer, may be eligible under the new law. They will be required to purchase coverage or eventually face a fine.

A pre-existing medical condition will not disqualify applicants from receiving a policy.

Although the program is expected to begin next week, Republicans in the House have been vocal in their opposition, passing legislation to de-fund what is commonly known as Obamacare.

“Some have threatened a government shutdown if they can’t shut down this law,” Obama said Thursday while delivering remarks in Largo, Md. “Others have actually threatened an economic shutdown by refusing to pay America’s bills if they can’t delay the law. That’s not going to happen as long as I’m president. The Affordable Care Act is here to stay.”

In California, the average premium in the lowest tier of coverage will cost $250-$299 per month.
For those who earn less than $45,000 per year, part or all of their premium will be paid for by a government subsidy.

“I don’t think it’s the end of the world,” said Monrovia resident Dick Spezzano. “It’s a very complicated health law. When you make that kind of a change it’s going to be complicated. Hopefully it’s going to work out.”

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