Double-Digit Premium Hikes Do Not Make for an Affordable Care Act
With official confirmation from the Obama Whitehouse that consumer are going to face double-digit premium hikes for healthcare, it means less disposable income for the consumer-led US economy. We have to wonder if Janet Yellen and the rest of the Fed’s FOMC has factored this into their forecast and interest rate hike decisions…
Premiums will go up sharply next year under President Obama’s healthcare law, and many consumers will be down to just one insurer, the administration confirmed Monday. That will stoke another Obamacare controversy days before a presidential election.
Before taxpayer-provided subsidies, premiums for a midlevel benchmark plan will increase an average of 25% across the 39 states served by the federally run online market, according to a report from the Department of Health and Human Services. Some states will see much bigger jumps, others less.
Source: Obama administration confirms double-digit premium hikes for healthcare – LA Times
