Local family anxious about insurance premium hikes under Affordable Care Act

Ignacio Smith
08:48, Oct 27, 2016
Copyright 2015 All rights reserved. This material can't be published, transferred, copied or redistributed.

The enrollment period for health care for next year starts in November.

Starting next week, many Americans who buy individual health insurance policies will see big increases in premiums - 25% on average for those who shop at the federally operated exchanges established by the 2010 Affordable Care Act.

Humble said that premiums are still expected to be lower than the cost of employee coverage.

The report released by the Obama administration also detailed how the number of insurers serving the federal market will drop from 232 to 167 in 2017, a loss of roughly 28 percent. In many states where insurers like UnitedHealth Group, Aetna and Humana pulled out or drastically scaled back exchange participation, states "were scrambling to get insurers to stay" and ended up having "to let them price how they wanted to price", Sloan said.

Craig Russell, OU professor of business administration, said typical OU students are under 26, and that they can be covered under their parents' health insurance.

Clinton has yet to comment on the projected health care increases.

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"In 2014 when the exchanges began, high-need enrollees flocked to the program. But at least you can return the phone", Ryan said in a statement. She said Trump was "attacking everything that has set our country apart for 240 years". She suspects it's not linked to the Affordable Care Act, but rather to subtle changes in employer benefits. "But the good news for MS is that you spend less than other states".

The government provides income-based subsidies to about 85 percent of people enrolled, and those credits will increase with the higher premiums.

Federal leaders say about 77 percent of people will be able to find a plan for $100 or less after subsidies. For example, the average cost of the second-lowest "Silver" level plan, the benchmark used by federal officials to analyze the market, will increase by 7 percent in California, 5 percent in New Jersey and 2 percent in Ohio. In 2016, the same plan would have cost that young adult $143, HHS noted.

Appearing on MSNBC, one of GOP nominee Donald Trump's staunchest supporters joined with the candidate to call for the repeal of the Affordable Care Act, only to offer a vague suggestion to replace it with "federalism".

Regardless of where you get your health insurance, Patterson said waiting to see how the presidential election will affect health care coverage is a big mistake. "Congressional Democrats and President (Barack) Obama forced this program into law, despite knowing full and well that the initial rates were artificially low and unsustainable for insurers".

Speaking earlier in Florida, Trump said that Obama's legislation is "just blowing up".

Copyright 2015 All rights reserved. This material can't be published, transferred, copied or redistributed.


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