Obamacare's Metallic Plans - Add Cash As Well As Copper

August 23, 2014 4:08 PM

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Avalere Health has given a budget score to the so-called “copper plan”, a potential Obamacare policy proposed by health insurers that would cover 50 percent of the actuarial value (AV) of the policy. AV is the average amount a plan with a given set of benefits is likely to pay, given a standard population.

Actually estimating actuarial value in Obamacare is complicated. Keeping it simple: we can say that if the standard population would cost $8,000 per beneficiary, a copper plan would expect to pay $4,000 of the costs. Currently, Obamacare plans are bronze, silver, gold, and platinum, with AVs ranging...

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