Sunday, July 21, 2013

New York Gets a Huge Obamacare Shock

For all of the gnashing of teeth over a presumed insurance cost spike once the Affordable Care Act's individual mandate goes into effect, we're seeing a much tamer picture, including a dramatic reduction in costs in some states. News just came out that New York could see prices on its insurance exchanges plunge as much as 50%!

In this video, health-care analyst David Williamson discusses how this surprising turn of events is possible, why other states shouldn't expect similar results to New York, and why insurers such as UnitedHealth Group are posting great quarters now while still sounding alarms for 2014.

Still in the dark about how Obamacare might affect you and your portfolio? Don't worry -- you're not alone. To help prepare investors for the massive changes coming to the American health care system, The Motley Fool created a special free report that makes this complex topic easily understandable. Download "Everything You Need to Know About Obamacare" and discover how the law may affect your taxes, health insurance, and investments. Click here for your free copy today.

Follow David on Twitter: @MotleyDavid.

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