Site icon The Punching Bag Post

Obamacare: White House Confirms Significant Premium Hikes for 2017

<p>We have covered the failings of Obamacare time and time again&comma; with some of our most recent stories focusing on the double-digit premium increases expected for 2017&period;&nbsp&semi;<&sol;p>&NewLine;<p>President Obama has insisted that today&rsquo&semi;s unaffordable &lpar;and rising&rpar; premiums are temporary&comma; but this week the White House confirmed what we&rsquo&semi;ve been expecting and fearing all year long&colon; yes&comma; we can expect giant increases in&nbsp&semi;2017&period;&nbsp&semi;<&sol;p>&NewLine;<p>&ldquo&semi;Consumers will be faced this year with not only big premium increases but also with a declining number of insurers participating&comma; and that will lead to a tumultuous open enrollment period&comma;&rdquo&semi; explains Larry Levitt of the Kaiser Family Foundation&period;&nbsp&semi;<&sol;p>&NewLine;<p>As Humana&comma; UnitedHealth&comma; and Aetna scale back their roles&comma; as many as 1 in 5 consumers will be limited to a single insurer&period;&nbsp&semi;This can be problematic for those with chronic conditions&comma; and &ldquo&semi;enrollees may need to change doctors or drugs when they switch insurers&comma;&rdquo&semi; says Caroline Pearson of Avalere Health&period;<&sol;p>&NewLine;<p>As reported by the Department of Helath and Human Services &lpar;HHS&rpar;&comma; we can expect premiums for midlevel benchmark plans to increase by about 25&percnt; in the 39 states currently offering Obamacare&period;&nbsp&semi;<&sol;p>&NewLine;<p>But some states will suffer even larger increases&period; In Arizona&comma; for example&comma; unsubsidized premiums for a 27-year-old benchmark plan will increase by 116&percnt; &&num;8211&semi; from &dollar;196 per month to &dollar;422&period; &nbsp&semi;<&sol;p>&NewLine;<p>ACA enrollment beings November 1st&comma; hardly a week before the presidential election&comma; and voters are sure to demand a solution from both Hillary Clinton and Donald Trump&period;&nbsp&semi;<&sol;p>&NewLine;<p>The Dems are quick to explain that governmet subsidies will shield many customers from &ldquo&semi;sticker shock&comma;&rdquo&semi; but &ldquo&semi;headline rates are generally rising faster than in previous years&comma;&rdquo&semi; says HHS spokesperson Kevin Griffs&period;&nbsp&semi;<&sol;p>&NewLine;<p>More than 10 million consumers are currently enrolled in ObamaCare plans&comma; and the majority of these individuals receive some sort of financial assistance to pay for unaffordable premiums&period;&nbsp&semi;&ldquo&semi;Enrollment is concentrated among very low-income individuals who receive significant government subsidies to reduce premiums and cost-sharing&comma;&rdquo&semi; says Pearson&period; &nbsp&semi;<&sol;p>&NewLine;<p>Between 5 and 7 million Americans either are not eligible for financial assistance or choose to purchase individual policies outside the ACA marketplace &lpar;where subsidies are not an option&rpar;&period;&nbsp&semi;<&sol;p>&NewLine;<p>The Obama Administration urges the latter group to explore the plans offered through HealthCare&period;gov&period;&nbsp&semi;<&sol;p>&NewLine;<p><center><strong><br &sol;> To Hell with Obamacare&excl;<&sol;p>&NewLine;<p>This book was written by Joe Gilbertson of the Punching Bag Post Staff&period; This is the solution to the Obamacare fiasco&colon; <&sol;p>&NewLine;<p> <a href&equals;"http&colon;&sol;&sol;www&period;amazon&period;com&sol;gp&sol;product&sol;1517719704&sol;ref&equals;as&lowbar;li&lowbar;tl&quest;ie&equals;UTF8&amp&semi;camp&equals;1789&amp&semi;creative&equals;9325&amp&semi;creativeASIN&equals;1517719704&amp&semi;linkCode&equals;as2&amp&semi;tag&equals;punbagpos-20&amp&semi;linkId&equals;RBIZUOKRHDNIYOP6" rel&equals;"nofollow">The Opposite of Obamacare&colon; How a free enterprise philosophy would dramatically reduce health care prices &&num;8211&semi; Paperback &dollar;13&period;95<&sol;a><img style&equals;"border&colon; none &excl;important&semi; margin&colon; 0px &excl;important&semi;" src&equals;"http&colon;&sol;&sol;ir-na&period;amazon-adsystem&period;com&sol;e&sol;ir&quest;t&equals;punbagpos-20&amp&semi;l&equals;as2&amp&semi;o&equals;1&amp&semi;a&equals;1517719704" alt&equals;"" width&equals;"1" height&equals;"1" border&equals;"0" &sol;> <&sol;strong><&sol;center><&sol;p>&NewLine;

Exit mobile version