May 09,2016

Press Contact:

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:

Associated Press: Significant premium hikes expected under Obama health law

“…they're setting the stage for 2017 hikes that in some cases could reach well into the double digits...”  (April 28, 2016)

The New York Times: News About Obamacare Has Been Bad Lately. How Bad?

“…we can look forward to much smaller Obamacare marketplaces than most people expected when the health law passed.” (April 13, 2016)

The Wall Street Journal: Health Insurers Struggle to Offset New Costs

“…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)

CBS News: Which insurer will be next to abandon Obamacare?

“…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)

Politico: Insurer’s Obamacare exit raises new concerns over law

“...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)

The Hill: ObamaCare premiums expected to rise sharply amid insurer losses

“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)

Investors Business Daily: ObamaCare Premiums Rose a Lot More Than HHS Wants You To Believe

“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) 

The New York Times: Get Ready for Higher Obamacare Rates Next Year

“It already looks clear that many Obamacare insurance plans are going to raise their prices significantly.” (May 5, 2016)