Obamacare May Be Getting More Expensive, But It's Still Cheaper Than Predicted - News Summed Up

Obamacare May Be Getting More Expensive, But It's Still Cheaper Than Predicted


But, on average, the coverage remains cheaper than what the government’s own forecaster had predicted it would be by this point. Premiums for Obamacare insurance are rising more quickly this year than they have in the past. But the two facts ― premiums rising faster this year, premiums remaining below initial projections ― are not mutually exclusive. The law prohibited insurers from denying coverage to people with pre-existing conditions and required that all plans included a basic set of benefits. They understandably care a lot more about how premiums affect their pocketbooks than how premiums measure up to CBO projections.


Source: Huffington Post August 01, 2016 20:26 UTC



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