Steep ObamaCare Premium Hikes Expected for 2017

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Premiums for the most popular type of insurance plans sold through Obamacare’s marketplaces will rise faster in 2017 than in recent years, according to a study released Wednesday.  (Bloomberg)

The benchmark silver plan premiums are projected to rise 10% for 2017, on average, according to a new Kaiser Family Foundation report that looked at insurers’ proposed rate increases for a 40-year-old consumer in 14 major cities. That’s double the 5% increase for 2016 policies, but it could change since state regulators often reduce insurers’ rate requests. (CNN Money)

The price changes range from a high of an 18 percent premium increase proposed for the second-lowest-cost silver plan in Portland, Oregon, to a low of a 13 percent price cut for such a plan in Providence, Rhode Island. (CNBC)

The Obama administration has also underscored that the vast majority of people using the government’s marketplace receive subsidies, and will therefore not be paying the full price of the premium increases. (The Hill)

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