Premiums for most popular ObamaCare plans to rise 34 percent

Jimi Swagger

I say whatever I think should be said
Supporter
Joined
Jan 25, 2015
Messages
4,365
Reputation
-1,340
Daps
6,053
Reppin
Turtle Island to DXB
obamacare_getty_0.jpg

Premiums for the most popular ObamaCare plans are rising by an average of 34 percent in 2018 in states that use Healthcare.gov, according to a new independent analysis.

The study released Wednesday by consulting firm Avalere Health said the premium increases in "silver" plans are being driven primarily by marketplace instability amid uncertainty over the future of ObamaCare.

Specifically, the study said the Trump administration's elimination of cost-sharing reduction (CSR) payments, lower than anticipated enrollment in the marketplace, limited insurer participation and insufficient action by the government to reimburse plans that cover higher-cost enrollees all helped contribute to the premium increases.

"Plans are raising premiums in 2018 to account for market uncertainty and the federal government's failure to pay for cost-sharing reductions," Caroline Pearson, senior vice president at Avalere, said in a statement. "These premium increases may allow insurers to remain in the market and enrollees in all regions to have access to coverage."

Silver plans are considered the benchmark plans for people who purchase insurance through an ObamaCare exchange. Average premiums for bronze, gold and platinum plans will rise 18, 16 and 24 percent, respectively, the analysis found.

Premium increases will vary significantly by state. For example, Iowa will see a 69 percent jump in average silver plan premium compared to 2017, while Alaska will see a 22 percent decrease in premiums for 2018.

Dozens of states are allowing insurers to add a surcharge onto the silver plans because of the discontinuation of the CSRs.

This results in more tax credits becoming available, which could help consumers afford plans that would otherwise have been too expensive.

The vast majority of exchange enrollees are subsidized and can avoid premium increases, if they select the lowest or second lowest cost silver plan in their region.

However, some unsubsidized consumers who pay the full premium cost may choose not to enroll for 2018 due to premium increases, Avalere said.

Democrats have accused President Trump of attempting to "sabotage" ObamaCare through moves such as canceling the CSR and cutting funding for outreach by 90 percent.

Avalere's study came out the same day the Department of Health and Human Services said it would not be setting a sign-up goal for this year's ObamaCare enrollment period.
 

Dr. Acula

ACCEPT JESUS
Supporter
Joined
Jul 26, 2012
Messages
24,802
Reputation
8,280
Daps
131,102
Democrats have accused President Trump of attempting to "sabotage" ObamaCare through moves such as canceling the CSR and cutting funding for outreach by 90 percent.

"accused"

NAH nikka THAT IS WHAT fukkING HAPPENED!

The news media in the attempt to appear "neutral" refuses to report basic facts as facts. Facts aren't alleged. They're details about something that actually happened.
 

Tony D'Amato

It's all about the inches
Joined
May 1, 2012
Messages
59,524
Reputation
-10,891
Daps
142,321
Reppin
Inches
"accused"

NAH nikka THAT IS WHAT fukkING HAPPENED!

The news media in the attempt to appear "neutral" refuses to report basic facts as facts. Facts aren't alleged. They're details about something that actually happened.
After he signed that shyt, the ape went on tv and said ocare was dead, yet they still calling it O care :what:
 

IceDragon

All Star
Joined
Aug 26, 2014
Messages
1,606
Reputation
360
Daps
4,328
"accused"

NAH nikka THAT IS WHAT fukkING HAPPENED!

The news media in the attempt to appear "neutral" refuses to report basic facts as facts. Facts aren't alleged. They're details about something that actually happened.

The news media especially TV media knows exactly what it's doing.They got money on Trump and would love for him to be in for 8 years hence you get the neutral bullshyt. Trump, his supporters and the media always talking about "Trump's war with the media" like some of us can't see through that shyt :mjlol:
 

hashmander

Hale End
Supporter
Joined
Jan 17, 2013
Messages
18,071
Reputation
4,433
Daps
77,152
Reppin
The Arsenal
The uninsured rate was heading toward 10%

That shouldn't be acceptable but that was better than before.

:francis:
the uninsured rate was 8.8% in 2016, basically when obama left. seems like that's going to be the high-water mark (91.2% insured) in american history. apparently that was unacceptable and way too low. 20% keeps people motivated and appreciating their employer for providing them access to the group market. it also helps make sure the sick die off and don't become a burden on medicare in their old age and never reach social security age. boom problem solved.
 
Top