Premiums for those by buying insurance under the AFFORDABLE Care Act will go up on average by 25 percent, according to the Associated Press. Meantime, about twenty-five percent will be down to just a single insurer to choose from as carriers such as UnitedHealth Group, Humana and Aetna flee the money-losing Obamacare scheme.
We passed the bill. Now we know what’s in it!
According to AP:
In some states, the premium increases are striking. In Arizona, unsubsidized premiums for a 27-year-old buying a benchmark “second-lowest cost silver plan” will jump by 116 percent, from $196 to $422, according to the administration report. Oklahoma has the next biggest increase for a similarly situated customer, 69 percent.
“Consumers will be faced this year with not only big premium increases but also with a declining number of insurers participating, and that will lead to a tumultuous open enrollment period,” said Larry Levitt, who tracks the health care law for the nonpartisan Kaiser Family Foundation.