White House confirms Obamacare enrollees on the hook for double-digit premium increases
Brace yourselves, Obamacare enrollees. Premiums are about to skyrocket across the country *an average* of 25 percent, the Obama administration verified Monday.
Before taxpayer-provided subsidies, premiums for a midlevel benchmark plan will increase an average of 25 percent across the 39 states served by the federally run online market, according to a report from the Department of Health and Human Services. Some states will see much bigger jumps, others less.
Moreover, about 1 in 5 consumers will only have plans from a single insurer to pick from, after major national carriers such as UnitedHealth Group, Humana and Aetna scaled back their roles.
“Consumers will be faced this year with not only big premium increases but also with a declining number of insurers participating, and that will lead to a tumultuous open enrollment period,” said Larry Levitt, who tracks the health care law for the nonpartisan Kaiser Family Foundation.
Obamacare is another bubble about to burst! Americans didn’t sign up for ballooning health-insurance premiums. Click here to help Tea Party Patriots demand lawmakers fully repeal Obamacare before it costs Americans the shirt off their back.