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Obamacare Enrollments Show Consumers Shun Cheapest Health Plans
Bloomberg Businessweek
Feb. 20, 2014
"Only 19 percent of enrollees chose the coverage with the cheapest premiums, called bronze, while 7 percent picked the most expensive ... Mid-level silver plans drew 62 percent.... Bronze plans cover only 60 percent of costs, making consumers liable for maximum deductibles of $6,000 a person in medical care.... For a family on a silver plan with an income at 150 percent of the federal poverty level, the cost-sharing assistance reduces a $12,700 annual out-of-pocket maximum to $4,500, and for an individual, from $6,350 to $2,250[.]"
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