The Obama administration made a stunning admission about Obamacare that has made critics of the law feel vindicated: premiums will skyrocket by double-digits.
The Associated Press reports that Obamacare premiums are expected to increase by 25 percent on average in 39 states, according to the Department of Health and Human Services (HHS). Even the AP admitted that some of the state increases were “striking.”
“In Arizona, unsubsidized premiums for a 27-year-old buying a benchmark “second-lowest cost silver plan” will jump by 116 percent, from $196 to $422, according to the administration report. Oklahoma has the next biggest increase for a similarly situated customer, 69 percent.”
Other states that will face premium increases of 50 percent at minimum include Tennessee, Alabama, Pennsylvania and Nebraska.
Leftists have tried to downplay the surge in premiums by pointing out that an increase in federal subsidies will minimize the impact for most consumers. This ignores two key points: even with the subsidies, “an estimated 5 million to 7 million people” aren’t eligible for subsidies, and taxpayers will now be forced to pay a 25 percent by average higher tab for someone else’s healthcare.
Additionally, consumers’ choices will be restricted even further, as 20 percent will only have one insurer option in the exchange markets. There will be a 28 percent decline of insurers on HealthCare.gov. On average, consumers will have only 30 plan options in 2017; there were 47 options in 2016. This is due to the fact that insurers like UnitedHealthcare and Aetna have pulled out of the Obamacare exchanges.
The Daily Wire has covered Obamacare’s meltdown here, here and here. The administration’s admission on the pending premium increases and decline of options all but proves that Obamacare was designed to fail from the get-go.