New York Gets a Huge Obamacare Shock

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.

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David Williamson has no position in any stocks mentioned. Follow David on Twitter: @MotleyDavid.The Motley Fool recommends UnitedHealth Group and WellPoint and owns shares of WellPoint. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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