It's Failing: New HHS Report Continues Drumbeat of Dreadful Obamacare News
Last week, we shared the results of an independent study predicting double-digit premium increases across all Obamacare coverage levels in 2018, including a 34 percent jump among "baseline" silver plans. We also highlighted a Politico review of the law's devastating impact on many consumers in Iowa, one of the states hit hardest by Obamacare's enduring and systemic failures. This week brings a fresh report from the Department of Health and Human Services, confirming the "Affordable" Care Act's continued downward spiral. Via the Washington Examiner's summary:
Health insurance premiums for the first Obamacare open enrollment under President Trump will be 37 percent higher than last year for mid-level plans sold on healthcare.gov, according to a new report by the Department of Health and Human Services...The latest report, prepared by the Office of the Assistant Secretary for Planning and Evaluation, found that a 27-year-old who buys a mid-level plan, known as a silver plan, and does not receive a subsidy from the federal government will pay an average of $4,932 in premiums for 2018.
Read entire article and see tweets here: https://townhall.com/tipsheet/guybenson/2017/10/30/hhs-report-obamacare-rates-spike-insurers-flee-n2402479
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