Obamacare Premiums Could Spike 35-90% Over The Next Three Years

[240B]

HotAir
JOHN SEXTON
Posted at 7:21 pm on March 8, 2018

Covered California released a report today warning that Obamacare premiums could spike from 35% to 90% over the next three years. From the introduction to the report:

Recent health care actions taken by Congress and the federal administration — elimination of the insurance mandate penalty, proposing greater flexibility to allow for association and short-term, limited-duration plans — are expected to draw consumers out of the individual market, sowing market instability and raising the specter of large premium increases in 2019 and beyond…

The effects of these policies will vary by state. However, absent federal policies to stabilize the individual marketplace, a previous Covered California report found the statewide average premium increases in 2019 could range from 12 to 32 percent — with some carriers in certain states having even higher rate increases, depending on state factors…

This updated analysis indicates that statewide average premium increases could range from 12 to 32 percent in 2019, with additional increases of 10 to 21 percent expected in both 2020 and 2021 (see Table 1: Projections of Individual Market Premium Changes Nationally in 2019, 2020 and 2021). Cumulatively, these premium increases would average 50 percent over the three-year period, with a projected range of 36 percent to 94 percent.

(more)
https://hotair.com/archives/2018/03/08/report-obamacare-premiums-spike-35-90-next-three-years/

[Fishrrman]

obamacare premiums seem to spike whether the democrat-communists are in power, or when the Republicans are trying to dismantle it.

The only direction they be headin' is .... up!

[DB]

Republicans got rid of the funding side of covering preexisting conditions by removing the mandate so obviously somebody has to make up the difference.

Guess who...