‘Affordable Care Act’ Rate Hikes Hurting ObamaCare Enrollment

Many of next year’s premium rate increases on theAffordable Care Act exchanges threaten to surpass the high and wildly fluctuating rates that characterized the individual insurance market before the health law took effect, interviews with insurance regulators and records show.

With dramatic drops in insurance company participation on the exchanges for some states, decreased competition and other factors are leading to often jarring rate hikes. Some of the states that are facing what are likely among the biggest increases this year — Tennessee, Arizona and North Carolina — were among those the Urban Institutereported in May had the biggest increases last year.

“The reality is, it’s all very justified, unfortunately,” Iowa insurance commissioner Nick Gerhart said Thursday of the premium increases he approved this week of 19% to 43% for about 70,000 Iowans who buy their own policies.

READ MORE: USA TODAY

About vivaliberty 949 Articles
Life, Liberty and the pursuit of Happiness
Contact: Website

Be the first to comment

Leave a Reply

Your email address will not be published.


*