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Two states say 2014 Obamacare insurance costs on low side

In a boost for President Barack Obama's healthcare reform law, two states in the Northwest said on Friday that insurance companies submitted applications to sell policies on the states' health insurance exchanges at rates well below what some insurance executives had predicted.The insurance marketplaces are a key element of the reform law, which is due to take full effect in 2014. A core principle of these exchanges is that competition, along with government subsidies and other measures, will keep rates affordable.The sweeping reform known as Obamacare seeks to extend health insurance to many of the 49 million Americans without it, and alter how care is delivered so as to curb what has been an inexorable rise in healthcare spending. Congressional Republicans who oppose the law had warned that high premiums would sink Obamacare as the uninsured would not be able to afford coverage even with federal subsidies.As of Thursday, nine insurers had notified the Washington Healthplanfinder, the...

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  1. Obama To Meet Congressional Republicans Next Week

    President Barack Obama will have lunch with Senate Republicans on March 14, at the president's request, Senate GOP leader Mitch McConnell's office announced Wednesda...

  2. Obama's Approval Rating Hits Rock Bottom

    FOX News contributor Deroy Murdock explains why President Obama's approval rating has hit its lowest level since his re-election.

  3. Unintended Targets of the Sequester: Mom and Pops

    Opinion: Pulling the plug too quickly on government-supported parts of the economy could result in the loss of consumer confidence and push the economy to spiral. If this happens, small businesses will feel it the most.

  4. The Budget Cuts Blame Game Continues

    Former special assistant to George Bush Ron Christie weighs in on how the president has “moved the goal posts.”

  5. Lew Gets Green Light From Senate Panel

    The Senate Finance Committee on Tuesday backed President Barack Obama's nominee to head the U.S. Treasury, Jack Lew, despite some concerns about his perks from previ...

  6. Investors face another Washington deadline

    Investors face another Washington-imposed deadline on government spending cuts next week, but it's not generating the same level of fear as two months ago when the "...

  7. Obama Holds Firm On Automatic Spending Cuts

    President Barack Obama repeated Tuesday that his "balanced approach" of spending cuts and tax hikes is the best way to replace automatic spending cuts scheduled to t...

  8. Goldman: Economy to See Substantial Growth

    The U.S. economy will continue to see sluggish growth this year but the expansion should see a "substantial acceleration" in 2014, according to Goldman Sachs' (NYSE:...

  9. U.S. Markets Closed for Presidents Day

    FBN’s Dagen McDowell breaks down the stories moving the markets around the world.

  10. Economy, deficit top U.S. voter issues ahead of Obama speech: poll

    Americans are eager to hear President Barack Obama address the U.S. economy and federal deficit in his State of the Union speech on Tuesday, with more than half stil...

  11. Americans Seek More Economic Clarity from Obama

    Americans are eager to hear President Barack Obama address the U.S. economy and federal deficit in his State of the Union speech on Tuesday, with more than half stil...

  12. Obama Willing to Consider 'Big Deal'

    President Barack Obama told congressional Democrats on Thursday he is willing to agree to a "big deal" with Congress on spending cuts and tax reforms to end uncertai...

  1. House Speaker Suggests Jail Time in IRS Scandal

    U.S. House of Representatives Speaker John Boehner raised the possibility of jail time on Wednesday for law violations in the growing scandal involving the Internal ...

  2. U.S. Budget Surplus Ticked Up in April

    April's U.S. budget surplus was bigger than a year ago and the federal government ran a much smaller deficit in the first seven months of the current fiscal year tha...

  3. Senate Narrowly Passes First Budget in Four Years

    The U.S. Senate on Saturday narrowly passed its first federal budget in four years, a move that will usher in a relative lull in Washington's fiscal wars until an an...

  4. Research the Focus of Obama's Second Term Energy Speech

    President Barack Obama will try to turn the page on bitterly partisan fights over energy policy on Friday, focusing his first energy speech of his second term on pro...

  5. Lew: Budget Deal May Come In Stages

    Treasury Secretary Jack Lew said in an interview with FOX Business that current efforts to reach an agreement to balance the U.S. budget and trim the massive deficit...

  6. Rep. Paul Ryan Takes Another Shot at Budget Plan

    Former Reagan Economic Advisor Art Laffer and FNC Digital Politics Editor Chris Stirewalt on the budget debate in Washington.

  7. Obama To Have Dinner With Senate Republicans

    President Barack Obama will have dinner with Senate Republicans at a hotel in downtown Washington Wednesday evening, the White House announced. News of the dinner co...

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