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Great Majority Feel Obamacare Will Reduce Insurance Costs

hci-4The great majority of those surveyed feel Obamacare will reduce the insurance premiums consumers pay for health care insurance. The finding was determined through a just completed exclusive Wise Insurance Quotes poll.

The survey found that 76% of those polled feel that Obamacare will cut insurance coverage costs.

The poll was completed just five weeks before Obamacare exchanges are scheduled to go online in the majority of U.S. states to start enrolling consumers in health care programs.

Obamacare was passed by U.S. lawmakers two years ago, and is intended to reduce the cost of health care for U.S. citizens. President Barack Obama made health care his #1 priority after becoming president, despite a troubled economy and the largest economic losses for U.S. families since the Great Depression.

More than two dozen states challenged the new federal law, but the U.S. Supreme Court ruled that the new law is legal. Online state exchanges are scheduled to begin rolling out health care programs to sell consumers’ health care coverage the beginning of October.

Citizens who do not enroll in a program for health insurance by the beginning of 2014 are subject to pay a monthly fine of $95 for each month they are not covered. The fine will be payable as part of their U.S. federal taxes. Apparently the great majority intends to enroll in health care programs.

More than a third of the U.S. population is not covered by health care insurance, mainly because they cannot afford expensive monthly premiums. A series of problems, including political challenges to the law have led to delays in many states surrounding the implementation of health care exchanges.