Some Areas Of Country Could See ‘Catastrophic’ Premium Increase In Next Three Years
The analysis found that the elimination of the individual mandate in 2019 will be the main driver of the spike in premiums. "The middle class will be priced out of insurance in about a third of America," said Peter Lee, executive director of Covered California.
The Washington Post:
Premiums For ACA Health Insurance Plans Could Jump 90 Percent In Three Years
Insurance premiums for Affordable Care Act health plans are likely to jump by 35 to 94 percent around the country within the next three years, according to a new report concluding that recent federal decisions will have a profound effect on prices. The nationwide analysis, issued Thursday by California’s insurance marketplace, finds wide variations state to state, with a broad swath of the South and parts of the Midwest in danger of what the report calls “catastrophic” average rate increases by 2021. (Goldstein, 3/8)
Study: ObamaCare Premiums Could Increase 90 Percent Over Three Years For Some States
Beginning in 2019, premiums increases could range from 12 to 32 percent in the U.S. Cumulatively, states could see increases ranging from 35 to 90 percent from 2019 to 2021. The report, released by California's insurance marketplace, estimates that states like Wisconsin, Michigan and Texas could see cumulative increases of 90 percent by 2021. Indiana, Illinois and Iowa could see increases of 50 percent in the same time period. “The challenges to our health care system are threatening to have real consequences for millions of Americans,” said Peter Lee, executive director of Covered California. (Hellmann, 3/8)