Dec
01

HHS Declares Healthcare.gov Open, Says Premiums Will Rise By 25%

By admin

ABC World News (10/24/16 Muir) reported, “Premiums going up for Americans who depend on” the Affordable Care Act. In addition, “one in five consumers will have only one insurer to choose from, because several major carriers withdrew from the program.”

On its front page, the New York Times (10/24/16) reports that on Monday, HHS said premiums for ACA plans will rise by 25 percent on average next year. According to HHS spokesman Kevin Griffis, “‘The number of people eligible for tax credits will increase’ as premiums rise next year, and the amount of assistance will also increase.” While the next open enrollment period has not yet begun, the department announced that consumers can start examining their options on Healthcare.gov.

The Washington Post (10/24/16 reports on its front page that the sharp “increase in rates serves broadly to confirm what has become evident piecemeal in recent months: Prompted by a burden of unexpectedly sick Affordable Care Act customers, some insurers are dropping out while many remaining companies are struggling to cover their costs.”

USA Today (10/24/16) reports HHS also warned that some 20 percent of users will have just one coverage option for 2017. Yet, HHS officials pointed out that more than 70 percent of Healthcare.gov users will pay about $75 a month in premiums thanks to Federal subsidies.

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