With the Oct. 1 deadline for open enrollment in Obamacare just days away, the pro- and anti-Obamacare chatter has elevated to a roar.
Just two days ago, the Obama administration released data addressing the cost of premiums in the 36 states that have opted to launch new healthcare exchanges.
On one hand, Obamacare proponents are proud that the data shows that most individuals will be able to pay around $100 per month for a policy, and some even less, depending on qualification for tax subsidies.
Proponents also stress the benefits of ditching the concept of "preexisting conditions" as a bar for coverage.
On the other hand, those against Obamacare point out that many individuals, especially those who do not qualify for subsidies, are looking at significantly more expensive premiums than they are currently paying.
For instance, Wednesday's data shows the average premium for a 27-year-old nonsmoker must shell out $163 per month for the lowest-cost "bronze" plan (just catastrophic coverage), $203 for the "silver" plan (more coverage), and $240 for the most comprehensive "gold" plan.
As a recent member of that demographic, I can report that I was paying $75 per month via Golden Rule insurance for catastrophic coverage – considerably less than the lowest-cost Obamacare plan.
With the epic healthcare debate swirling, we wanted to hear more from our overseas Money Morning readers who have had experience with nationalized healthcare.