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Why Obamacare may cut New York insurance premiums — but not by 50%

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Supporters of President Obama’s health care law were buoyed Wednesday morning by a report in the New York Times claiming that individual insurance premiums in the state would be “at least 50 percent lower on average” once the law kicks in next year. David Axelrod, former senior advisor to Obama, tweeted the story, boasting, “Another blow to naysayers: Rates in NY indy market to drop by 50...

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