Article: Premiums to Skyrocket for Some Obamacare Customers

October 25, 2016
Posted in ACA 101
October 25, 2016 LI Advantage

Article: Premiums to Skyrocket for Some Obamacare Customers

The price of certain health care plans sold through President Barack Obama’s health care law will be rising by double digits next year, a development that Republicans say shows Obamacare isn’t working.

The Department of Health and Human Services announced Monday that benchmark premiums for plans sold on the federal exchange, Healthcare.gov, are rising by an average of 25 percent next year – more than three times the 7.5 percent rate increase seen last year.

Responding to the hikes, Republican National Committee Chairman Reince Priebus called the law a “full-fledged train wreck which has worsened our health care system” and urged voters to “hold Democrats in Congress who passed this destructive law accountable” by electing Republicans in various races.

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