Aaron Fobes, Julia Lawless (202)224-4515
Higher Premiums, Fewer Choices
Negative Consequences of Obamacare Continue with Projected Premium Hikes, Exodus of Insurers
With health care premiums expected to rise yet again in 2017, American families and businesses will continue to experience the effects of the President’s broken promises for his domestic policy achievement, Obamacare.
According to Gallup’s latest poll, American families cite the cost of health care as their top financial concern, and with the Obamacare’s well-documented failings in 2016, such as the many mismanaged health insurance co-ops and disappointingly low enrollment numbers, it’s easy to understand why.
Unfortunately, Americans in search of relief from high costs will find nothing to ease their burden under Obamacare. Instead, the status quo advocated by the Obama Administration will strap them with higher premiums.
What’s worse, they will also have less choice. Over the last few years, insurers in many states have abandoned the poorly managed Obamacare exchanges.
Recent headlines and polls tell the story of the health law’s continued failures and highlight the need for patient-centered reforms to drive down costs and provide better access to quality care for all Americans.
Here’s a look at more disastrous Obamacare headlines:
“…they're setting the stage for 2017 hikes that in some cases could reach well into the double digits...” (April 28, 2016)
“…we can look forward to much smaller Obamacare marketplaces than most people expected when the health law passed.” (April 13, 2016)
“…a number of insurers are likely to seek significant hikes as they aim to cover costs that have continued to outstrip their estimates—in some cases coming after earlier premium increases.” (May 4, 2016)
“…no matter how many insurers participate in the exchanges, consumers can expect to see premium increases in 2017. Several insurers have set the stage for major price hikes in the wake of losses.” (April 28, 2016)
“...startling losses cast a spotlight on problems that insurers have been warning about for months: Fewer Americans have signed up for the exchanges than predicted, enrollees have proved to be sicker and more costly than anticipated, and losses are mounting.” (April 19, 2016)
“Insurers are already making the case for premium increases, pointing to a pool of enrollees that is smaller, sicker and costlier than they expected.” (April 25, 2016)
“There’s a good reason that signups in 2016 grew so little — despite the ramping up of the penalty for going uninsured. Millions and millions of people are finding that the plans provide too little and are too costly.” (April 13, 2016)
“It already looks clear that many Obamacare insurance plans are going to raise their prices significantly.” (May 5, 2016)
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