Big Premium Spike For Obamacare is on the Way

Big Premium Spike For Obamacare is on the Way

 

 

Obamacare continues to be an unmitigated disaster, making insurance more difficult and expensive for the average American to purchase for themselves and their families.

We’ve seen several big spikes in premium prices over the last several years, and it looks like that’s about to happen again. It’s going to be a doozy.

The Washington Times is reporting:

Congress failed to tamp down Obamacare premiums in last week’s spending bill, shifting the burden onto states, where governors and legislatures are facing growing pressure — but few good options — to bring down rates before companies finalize their 2019 prices.

Politicians at all levels of government are fearing another round of sticker shock for consumers this fall as insurers jack up prices, blaming both the original 2010 health law and the moves Congress and the Trump administration have made to undercut it in the years since.

Capitol Hill had a chance to lower rates with a stabilization bill Republicans had hoped to attach to last week’s spending package. But Democrats balked, and Congress likely missed its last chance to act before the new rates are set.

With federal policymakers sputtering, states are plotting their own steps, seeking federal permission for “reinsurance” program that subsidize pricey customers or waiting for final instructions from the Trump administration on short-term plans that don’t fully comply with Obamacare’s strict coverage requirements.

A few blue states are considering a restoration of the “individual mandate” to buy insurance or pay a tax, after congressional Republicans axed penalties tied to the federal version under Obamacare, starting in 2019.

Source: 100 Percent

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