Premiums for most popular Obamacare plans rising an average of 34 percent

Sunday, 05 November 2017, 09:50:49 PM. Premiums for the most popular 'Obamacare' plans are going up an average of 34 percent, according to a study Wednesday that confirms dire predictions about the impact of political turmoil on consumers.
WASHINGTON -- Premiums for the most popular "Obamacare" plans are going up an average of 34 percent, according to a study Wednesday that confirms dire predictions about the impact of political turmoil on consumers. Window-shopping on HealthCare.gov went live Wednesday, so across the country consumers going online can see the consequences themselves ahead of the Nov. 1 start of sign-up season for 2018. The consulting firm Avalere Health crunched newly released government data and found that the Trump administration's actions are contributing to the price hikes by adding instability to the underlying problems of the health law's marketplaces. President Donald Trump puts the blame squarely on "Obamacare" saying the program is imploding, while ignoring warnings that his administration's actions could make things worse. The Avalere analysis is for the 39 states using HealthCare.gov. Along with the increase for silver plans, premiums also are going up by double digits for different levels of coverage, including bronze (18 percent), gold (16 percent), and platinum (24 percent). Many states had higher increases. Avalere found that average plan silver premiums will go up by 49 percent in Florida, 43 percent in Missouri, and 65 percent in Wyoming. Consumers eligible for income-based tax credits will be protected from rising premiums but those who pay full-cost face a second consecutive year of sharp premium increases. Only three states will see declines -- Alaska, Arizona, and North...Read more
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