Monday, June 13, 2016

Obamacare's Rising Costs

By Douglas V. Gibbs,
 AuthorSpeakerInstructorRadio Host

According to The Washington Examiner:

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.

Not only have you not been able to keep your doctor, but as expected, prices are rising and the insurance industry is at risk.

-- Political Pistachio Conservative News and Commentary

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