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Uh Oh: Double-Digit Premium Hike Projected For Low-Cost Obamacare Plans Next Year
Townhall.com ^ | June 15, 2016 | Matt Vespa

Posted on 06/15/2016 5:16:00 PM PDT by Kaslin

If you look up unaffordable in a dictionary, it should be right there under Obamacare. Premium hikes are coming for those on these health insurance plans. We all knew this was going to come down like a hammer. Guy has been tediously documenting how those on these plans are about to hit the inevitable iceberg, where hikes are expected to soar into the double-digits. It’s become so bad that Americans are now opting to pay the penalty and remain uninsured because it’s the better economical choice. Now, those double-digit hikes are going to hit those on low-cost plans under the law next year (via AP):

Premiums for popular low-cost medical plans under the federal health care law are expected to go up an average of 11 percent next year, said a study that reinforced reports of sharp increases around the country in election season.

For consumers, the impact will depend on whether they get government subsidies for their premiums, as well as on their own willingness to switch plans to keep the increases more manageable, said the analysis released Wednesday by the nonpartisan Kaiser Family Foundation.

The full picture on 2017 premiums will emerge later this summer as the presidential election heads into the home stretch. The health law's next sign-up season starts a week before Election Day. Democrat Hillary Clinton wants to build on President Barack Obama's health overhaul, which has reduced the uninsured rate to a historically low 9 percent. Republican Donald Trump wants to repeal it.

The Kaiser study looked at 14 metro areas for which complete data on insurer premium requests is already available. It found that premiums for a level of insurance called the "lowest-cost silver plan" will go up in 12 of the areas, while decreasing in two. The changes range from a decrease of 14 percent in Providence, Rhode Island, to an increase of 26 percent in Portland, Oregon.

Half of the cities will see increases of 10 percent or more. Last year, only two of the cities had double-digit increases.

"Premiums are going up faster in 2017 than they have in past years," said Cynthia Cox, lead author of the analysis.

Among the cities studied, the monthly premium for a 40-year-old nonsmoker in 2017 will range from $192 in Albuquerque, New Mexico, to $482 in Burlington, Vermont.

UnitedHealth has withdrawn from a few Obamacare markets across the country, citing monumental losses. It recently sounded the retreat from California, and will probably exit from most of the state-level marketplaces by 2017. In North Carolina, Blue Cross and Blue Shield, the only insurer that offers Obamacare plans to all 100 counties, might pull out of the Obamacare market after costumers consumed $830 million in health care costs, but only collected $75 million in premiums. That’s an unsustainable business model. In fact, it’s a total disaster. The last of the state-based exchanges are on life support, billions have been wasted, and now the inevitable spike in premiums. It’s not working, and people’s wallets and home budgets are being set on fire at an accelerated rate.


TOPICS: Culture/Society; Government; Politics/Elections
KEYWORDS: 0bamacare; 0bamacarecosts; 2016election; obamacare; premiums; premiumshock
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To: Gen.Blather

“My cost for the pewter plan was $8,000 per year.
But I had to spend $10,000 out of pocket before the insurance kicked in.”

Just reading your post gave me a headache.

How on earth can this be justified?????????????

.


21 posted on 06/15/2016 6:12:08 PM PDT by Mears
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To: Gen.Blather
My cost for the pewter plan was $8,000 per year.

At that rate, I couldn't even afford the Lead Plan or Fossilized Feces Plan.

22 posted on 06/15/2016 6:15:45 PM PDT by CommieCutter (The only thing the smart phone really accomplished was bringing the stupid people to the internet.)
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To: Kaslin

See! obungholer got you that raise at micky Dee’s so now you can pay that obungholecare insurance policy! Such a nice guy.


23 posted on 06/15/2016 6:16:59 PM PDT by US_MilitaryRules (The last suit you wear has no pockets!)
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To: Mears
“My cost for the pewter plan was $8,000 per year. But I had to spend $10,000 out of pocket before the insurance kicked in.”

24 posted on 06/15/2016 6:18:26 PM PDT by CommieCutter (The only thing the smart phone really accomplished was bringing the stupid people to the internet.)
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Trumps Fault


25 posted on 06/15/2016 6:24:53 PM PDT by dsrtsage (One half of all people have below average IQ. In the US the number is 54%)
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To: CommieCutter

:-)

.


26 posted on 06/15/2016 6:29:02 PM PDT by Mears
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To: Kaslin

BCBS in Tennessee is going up by 17%!


27 posted on 06/15/2016 7:23:04 PM PDT by CottonBall
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To: BenLurkin

It was never about health care - it was about control.


28 posted on 06/15/2016 8:09:37 PM PDT by GOPJ ("9-in-10 GOP outsiders say 4-in-10 GOP insiderds should STFU". - Freeper RoosterRedux)
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To: GOPJ

With car insurance, one still has the choice not to drive. The only way to opt out of this is to die.


29 posted on 06/15/2016 9:44:51 PM PDT by Dirt for sale (QS)
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To: Dirt for sale

If we can get Trump elected he’ll change the system.


30 posted on 06/15/2016 9:53:10 PM PDT by GOPJ ("9-in-10 GOP outsiders say 4-in-10 GOP insiderds should STFU". - Freeper RoosterRedux)
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To: GOPJ

Trump works for Hill Dog.


31 posted on 06/16/2016 6:33:00 AM PDT by Dirt for sale (QS)
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