Obamacare Premiums to Rise Almost 25% and Some Consumers Down to One Insurer … What Happened to the $2500 Premium Reduction?

HOW THAT “UNAFFORDABLE” AFFORDABLE HEALTH CARE ACT WORKING OUT FOR YOU AMERICA?

As stated at Town Hall, just days after Barack Obama gave Obamacare a ringing endorsement, it is now confirmed that consumers will be feeling the wrath of Obamacare premiums rising as much as 25%. As reported by the AP, as per the administration, Obamacare premiums will go up sharply next year under President Barack Obama’s health care law, and many consumers will be down to just one insurer. According to CNN, the average premium increase masks wide variation among the states. In Arizona, the benchmark plan’s average premium will increase 116% in 2017. Remember this when you go to the polls America. I can’t say we did not warn you and tell you this from day one. You were lied to America by the current president, do we really want 4 more years of Democrat lies?

Remember when this liar told you Obamacare would reduce your premiums up to $2500 a year?

Premiums will go up sharply next year under President Barack Obama’s health care law, and many consumers will be down to just one insurer, the administration confirmed Monday. That’s sure to stoke another “Obamacare” controversy days before a presidential election.

Before taxpayer-provided subsidies, premiums for a midlevel benchmark plan will increase an average of 25 percent across the 39 states served by the federally run online market, according to a report from the Department of Health and Human Services. Some states will see much bigger jumps, others less.

Moreover, about 1 in 5 consumers will only have plans from a single insurer to pick from, after major national carriers such as UnitedHealth Group, Humana and Aetna scaled back their roles.

“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. [...]

In some states, the premium increases are striking. In Arizona, unsubsidized premiums for a hypothetical 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. [...]

Dwindling choice is another issue.

The total number of HealthCare.gov insurers will drop from 232 this year to 167 in 2017, a loss of 28 percent. (Insurers are counted multiple times if they offer coverage in more than one state. So Aetna, for example, would count once in each state that it participated in.)