Remember When Critics Predicted Huge Premium Increases Under Obamacare? They Were Very Wrong
Obama administration officials announced on Thursday that health care premiums for policies available through the Affordable Care Act will increase slightly on average in 2015, growing at a far slower rate than they did before President Barack Obama signed reform into law in 2010.
Premiums will decrease, on average, in at least 14 of the 35 states where the federal government has established a health care exchange. In the remaining 21 states, premiums will fluctuate between a two percent increase in Utah and Wisconsin to a 28 percent spike in Alaska. On average, the report concludes that premiums for the second-lowest cost policy will rise “by 2 percent on average this year before tax credits, while premiums for the lowest-cost silver plan will increase on average by 5 percent.”
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