Obamacare Premium Hikes Much Higher Than We’ve Been Told
November 11, 2015
News Article
The Obama administration claims that the premium increases in the (Obamacare) health insurance exchanges are averaging 7.5% across the country. That figure, however, turns out to be wrong. An analysis by the Daily Caller News Foundation says that the real increase is 20.3% – almost three times as high.
Why the difference? The administration looked only at the prices of Silver plans, ignoring the prices for Bronze, Gold and Platinum alternatives. The Daily Caller, by contrast, looked at all four metallic levels. Furthermore, Richard Pollock explains that:
“The 20.3 percent figure is the average for all plans. Premium increases in some states will be much higher. In Utah, for example, some enrollees in an individual plan will face a 45 percent price jump. In Illinois, the highest price hikes for individuals in the federal exchange will be 42.4 percent. Some insurers in Tennessee will experience a 36.3 percent price rise.”
