The Obama Administration confirmed today that health care plan premiums are set to rise about 22 percent in 2017.
This news comes just days after Strickland’s most recent double-down on the flawed health care plan. During last week’s debate Strickland reiterated that he “celebrates” Obamacare and credited the program for being successful.
Does Retread Ted still “celebrate” Obamacare?
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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.
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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.
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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.
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