The Obamacare website is intentionally misleading applicants by quoting prices well below the actual price. They also have a caveat posted that says your actual price could be lower. But nowhere does it say it could be higher. But when applicants connect with their insurance companies, the prices they get are as much as double what the Obamacare site gives them.
CBS did a report on the prices and it's a very informative and scathing rebuke of the website. CBS reporter, Jan Crawford reports, “The administration announced it would provide a new ‘shop and browse’ feature Sunday, but it’s not giving consumers the real picture. In some cases, people could end up paying nearly double of what they see on the website…”
Jonathan Wu, an industry analyst, says that the site uses two very broad age groups, 49 and younger and 50 and older. According to Wu it's “incredibly misleading for people that are trying to get a sense of what they’re paying.”
Prices for those under 50 are based on what a 27 year old would pay and those 50 and above are based on what a 50 year old would pay. In other words, they are using the age with the very cheapest rates.
CBS ran some examples. A 48 year old, living in Charlotte, not eligible for subsidies, NC would pay $231 a month according to the Obamacare website. In reality that person would pay $360 a month.
Then they checked a 62 year old looking for the same plan. Obamacare says her price is $394 a month but in reality, it's $634 a month.
Crawford said, “Industry executives CBS News spoke with literally could not believe the government is providing these estimates, which they said were useless and could easily mislead consumers.”
“They also say that the website repeatedly states the actual prices could be lower – but it makes no mention that they could be higher.”
Crawford has called the roll out an utter failure and dedicated one of her reports, warning about breeches to your privacy once you give them your information.