How Much Obamacare Premiums Are Going Up in All 50 States?
The premium for 2017 Obamacare plans, purchased on federal HealthCare.gov, will rise by an average of 25%. That is roughly triple the percentage increase seen from 2015 and 2016 plans. The price hike come after big insurers reported substantial losses on their healthcare business. The Affordable Care Act(ACA) required that insurance companies not to deny coverage to or even charge more for individuals with existing health conditions. While this gives everybody easy access to healthcare plans, many patients suffer from chronic medical conditions which greatly raise the amount that insurers must pay for claims. President-elect Donald Trump – who promise voters to repeal and replace Obamacare – pick Tom Price to lead the U.S. Department of Health may have a huge impact on the future of ACA. Here’s how much Obamacare rate increases by state. See also What You Need to Know about Health Insurance and the Visual Glossary of Health Insurance.