On the heels of the postman’s delivery of an estimated 1.4 million insurance cancelation notices, the Obama administration announced last week the 2017 rates for insurance policies sold on Obamacare exchanges. Predictably, the escalation in rates continues unabated.
As CNN.com reported, rates for 2017 will increase on average 22 percent, and as much as 116 percent in Arizona. CNBC.com highlighted the further cost increase consumers will face from higher deductibles: “[d]eductibles for individuals enrolled in the lowest-priced Obamacare health plans will average more than $6,000 in 2017.” Consumers also face fewer options. Seventy fewer companies are participating in the exchanges next year and approximately 21 percent of consumers will be limited to choosing plans from a sole insurance carrier.
With the public again facing the heartburn of fewer and more expensive choices in health insurance plans offered on the Obamacare exchanges, the “Affordable” Care Act is now front and center again. Since then, critics of Obamacare have been on their annual encore tour of the “I-told-you-so” choir.
Read more at:
http://thefederalist.com/2016/11/02/4-reasons-obamacare-also-lemon-people-pre-existing-conditions/
