The Affordable Care Act is getting a lot less affordable for many Americans. The landmark law, better known as Obamacare, has meant that 20 million previously uninsured people now have health coverage. Many of them have purchased insurance through state or federally run marketplaces. But insurance companies have been abandoning these marketplaces left and right because they say it's difficult to turn a profit, and the insurers that remain are asking for steep price increases all over the country.
In Michigan, for example, state officials just approved price hikes of 16.7%, on average, for individuals purchasing health insurance in 2017 through the state's Affordable Care Act exchange. Individual buyers can expect average increases of 20% in Colorado, meanwhile, and price hikes of 19% to 43% in Iowa next year.
Such price increases are actually on the low side compared with states like Minnesota and Oklahoma, where individual plans will shoot up 50% or more on November 1, which is when signups for 2017 coverage on marketplaces are opened.
According to the independently run, impressively comprehensive website ACASignups.net, the average increase for individual plans purchased through Obamacare marketplaces will be about 25% next year. This doesn't mean that everyone will be paying 25% more for health insurance in 2017. Not remotely.
http://time.com/money/4535394/obamacare-plan-premium-price-increases-2017-states/
I wonder how happy the people in Oklahoma are that they will now be paying 50 percent more?
PS What is 50 percent more of foodstamps that you got for free
In Michigan, for example, state officials just approved price hikes of 16.7%, on average, for individuals purchasing health insurance in 2017 through the state's Affordable Care Act exchange. Individual buyers can expect average increases of 20% in Colorado, meanwhile, and price hikes of 19% to 43% in Iowa next year.
Such price increases are actually on the low side compared with states like Minnesota and Oklahoma, where individual plans will shoot up 50% or more on November 1, which is when signups for 2017 coverage on marketplaces are opened.
According to the independently run, impressively comprehensive website ACASignups.net, the average increase for individual plans purchased through Obamacare marketplaces will be about 25% next year. This doesn't mean that everyone will be paying 25% more for health insurance in 2017. Not remotely.
http://time.com/money/4535394/obamacare-plan-premium-price-increases-2017-states/
I wonder how happy the people in Oklahoma are that they will now be paying 50 percent more?
PS What is 50 percent more of foodstamps that you got for free