News broke yesterday that Obamacare premiums are expected to rise more than 20% nationally in 2017. And for Pennsylvania specifically? Last week it was reported that the individual premiums will rise by even more…an average of 33%.
That didn’t stop Katie McGinty from doubling down on her support of the disastrous health care law in last night’s debate.
But this isn’t the first time McGinty has hugged Obamacare. Earlier this year McGinty went so far as to say, “the Affordable Care Act is something that Democrats should be proud of.”
[youtube url="https://www.youtube.com/watch?v=oeHXpKnzVgY&feature=youtu.be&t=1m49s"]
In case you missed it…
CNN: Obamacare premiums to soar 22%
Obamacare premiums are set to skyrocket an average of 22% for the benchmark silver plan in 2017, according to a government report released Monday.
…
The benchmark silver plan — upon which federal subsidies are based — will cost an average of $296 a month next year. That figure is based on prices for a 27-year-old enrollee in the 39 states that use the federal healthcare.gov exchange, plus the four states and Washington D.C. that have their own exchanges.
…
The premium increases also mean that Obamacare is growing more expensive for the federal government since it has to provide larger subsidies. But the program is still costing less than the Congressional Budget Office originally estimated since fewer people have enrolled and insurers priced their plans lower than expected.
The price hikes aren’t Obamacare’s only problem for next year. Insurers are also fleeing the exchanges.
The number of carriers will drop to 228 next year in the federal exchange and selected states, down from 298 in 2016. Some 21% of consumers returning to the exchanges will only have one carrier to choose from, though that insurer will likely offer multiple plan choices.
…