(Joshua Paladino, Liberty Headlines) As the Nov. 1 Obamacare sign-up date nears, a new study shows that Americans will pay 34 percent more this year for the most popular plan on the Affordable Care Act.
The consulting firm that conducted the study, Avalere Health, blamed the premium increases on
President Donald Trump, while ignoring the Affordable Care Act itself.
They said three factors contributed to the premium increases: Trump’s decision to end some subsidies to insurance companies, his recent executive order promoting choice and competition in healthcare, and the debate over Obamacare repeal and replace.
The liberal Huffington Post call Trump’s discontinuance of the subsidies “sabotage,” but a U.S. District Judge in San Francisco said the administration’s stance on withholding the funding had the “stronger legal argument.” Rare is the argument that Democrats, who passed Obamacare without knowing “what’s in it,” failed to fill gaping legal holes such as subsidies that they overlooked.
The conservative Heritage Foundation said Obamacare’s regulations are the main source of premium increases. The think tank estimated that premiums will rise, on average, 25 percent for the nation.
Obamacare bronze plans will rise 18 percent, silver (34 percent), gold (16 percent), and platinum (24 percent).
Those who receive subsidies through Obamacare exchanges will not see higher out-of-pocket costs. Consumers who pay without public assistance will face the cost hikes.
Premiums in three states — Alaska, Arizona, and North Dakota — will fall.
The Trump administration has cut the ACA enrollment period in half from the Obama years. Enrollment will run from Nov. 1 to Dec. 15.Click here for reuse options!
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