Insurance exchanges lowering rates in some states

Sen. Pat Roberts, R-Kan., has been crusading to eliminate health care exchanges if they aren’t operational by the Oct. 1 enrollment deadline. “We must put an end to the fear and uncertainty,” he said in a recent GOP weekly address. But the online purchasing exchange seems to be paying off in New York, where approved rates for 2014 are at least 50 percent lower on average than those currently available. “Individuals in New York City who now pay $1,000 a month or more for coverage will be able to shop for health insurance for as little as $308 monthly. With federal subsidies, the cost will be even lower,” the New York Times reported. Other states, such as California, also report significantly lower rates, but rates are expected to rise in some states because of the new consumer protections the law requires.