Tuesday, July 19, 2016

California ObamaCare Rates To Surge -- LA Times -- July 19, 2016

Los Angeles Times headline: Calfiornia ObamaCare rates to rise 13% by 2017, more than 3 times the increase of last 2 years.

The gift that keeps on giving. The GOP needs to run, not walk, away from ObamaCare reform. Let the Dems handle this one. If you love ObamaCare, you're gonna love Clinton/Obama's "National Health Service" plan.

From the linked story:
Premiums for Californians’ Obamacare health coverage will rise by an average of 13.2% next year — more than three times the increase of the last two years and a jump that is bound to raise debate in an election year.
The big hikes come after two years in which California officials had bragged that the program had helped insure hundreds of thousands people in the state while keeping costs moderately in check.
Premiums in the insurance program called Covered California rose just 4% in 2016, after rising 4.2% in 2015 – the first year that exchange officials negotiated with insurers.
On Tuesday, officials blamed next year’s premium hikes in the program that insures 1.4 million Californians on rising costs of medical care, including specialty drugs, and the end of a mechanism that held down rates for the first three years of Obamacare.

Rates are expected to jump in other states, too, although complete details won’t be available until later this year. The healthcare.gov federal exchange provides insurance under the Affordable Care Act in 38 states. California and a few other states operate their own exchanges
An analysis of 14 metro areas that have already announced their 2017 premiums found an average jump of 11%. The changes ranged from a decrease of 14% in Providence, R.I., to an increase of 26% in Portland, Ore., according to the analysis by the nonpartisan Kaiser Family Foundation.
The health law's next enrollment period begins a week before election day. Democratic presidential candidate Hillary Clinton wants to build on President Obama’s program, while Republican Donald Trump wants to repeal it.

California Dreamin', The Mamas & The Papas

No comments:

Post a Comment