White House confirms Obamacare enrollees on the hook for double-digit premium increases

October 29, 2016

 

Brace yourselves, Obamacare enrollees. Premiums are about to skyrocket across the country *an average* of 25 percent, the Obama administration verified Monday.The Associated Press has the details: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.It’s become an all-too-familiar story and it’s getting worse: The next-door neighbors forced onto an Obamacare exchange will be paying more for their health insurance than Americans’ average monthly mortgage payment – this after President Obama said his signature health-insurance plan would “lower” premiums…

Fox News’ Todd Starnes has the scoop:

Mr. Wells, of Colquitt, Georgia, is facing a massive (and I do mean massive) increase in his monthly health insurance premiums, according to a letter he received from BlueCross BlueShield of Georgia.

“Your current monthly premium is $711.83,” read the letter. “Starting in January, your monthly premium will be $1,872.17…”

“It was really tough to play the $700 per month,” Mr. Wells told me. “With this new increase, I don’t see any way we can do that.”

The policy number on Mr. Wells’ so-called insurance? “POS 5500.” You can say that again.

Please reload

Featured Posts

Direct Primary Care: What's in it for you?

June 23, 2015

1/2
Please reload

Recent Posts
Please reload

Search By Tags
Follow Us
  • Facebook Classic
  • Twitter Classic