Shocker! Obamacare health-insurance premiums on the rise
State health-insurance exchanges created as a result of Obamacare, like a row of dominoes, have come tumbling down in recent months – allegedly imploding under the increasing cost of healthcare and the lack of young, healthy signups. Now health-insurance prices for Obamacare are on the rise, according to a new study, but those increases will vary depending on location and the types of coverage included in one’s plan.
An analysis by the firm Avalere of early rate filings in nine states found that insurers are proposing increases as high as 44 percent for some plans in Vermont, while actually proposing rates representing a 29 percent decrease in New York.
On average, Avalere found that insurers proposed increases of 16 percent to Obamacare’s mid-level silver plans. Silver plans are the most popular plans purchased on Obamacare marketplaces, with 68 percent of enrollees last year selecting such plans.
While premiums grew significantly in 2016, they may increase more next year due to lower-than-expected enrollment, higher healthcare costs and the termination of two programs that helped to mitigate losses to insurers, known as reinsurance and risk corridors, Avalere found.
Obamacare continues to wreak havoc on American taxpayers’ wallet as the disastrous bureaucratic program doles out inflated salaries and bails out health-insurance companies that couldn’t compete in the free market. Meanwhile, the American people suffer from lost coverage; less access to healthcare providers; skyrocketing health-insurance premiums and the list goes on. Click here to help Tea Party Patriots urge lawmakers to lay this disastrous Obamacare scheme to rest.