Premiums Are Skyrocketing

June 24, 2016

Pay the insurance, or pay the mortgage? If you don’t qualify for subsidies under the Affordable Care Act (read: make more than $47,520 as an individual or $97,200 as a family of four), it’s a choice you may be facing this year. Rate increases are happening across the board and across the country:

“Premiums are expected to climb next year in many areas because major insurers have taken significant financial losses under the health law. Enrollment has been lower than anticipated, new customers were sicker than expected and a government system to stabilize the markets had problems.” Another major driver of cost increases is health benefit mandates passed at the state level.

Read More: Proposed premium hikes rattle customers paying their own way.


Comment on This Article   

Post Your Comment

Please check your e-mail for a link to activate your account.

Related Articles

How Big Is Our Opioid Issue? 3,000 Percent Big.
Franklin County, You May Get (Part of) Your Hospital Back
We Need More Doctors. This Will Help.

Featured Articles

FACT CHECK: New Terri LeGrand Attack Ad Blatantly False
BREAKING: Medicaid Transformation – and Millions in Taxpayer Savings – Approaches Finish Line
Cost of COVID-19: Telehealth is a life (and cost) saver
Cost of COVID-19: PBMs Advocate for Increased Access to Meds as COVID-19 Rages On
Cost of COVID-19: Blue Cross NC Waives Fees for COVID-19 Treatment
Cost of COVID-19: Steps you can take right now to save on health care costs