Obamacare Premiums to Rise Sharply
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From the RightObamacare premiums to rise by double-digit percentages for millions
Obamacare premiums will soar in 2017, the administration acknowledged Monday, with the price of the most popular benchmark plans jumping an average of 22 percent as the law continues to rely on older, sicker customers than its backers had envisioned.
From the LeftRates Rise Again For Obamacare Health Plans, But So Do Subsidies Listen· 3:56
The cost of health insurance under the Affordable Care Act is expected to rise an average of 22 percent in 2017, according to information released by the Obama administration Monday afternoon.
Still, federal subsidies will also rise, meaning that few people are likely to have to pay the full cost after the rate increases to get insurance coverage.
From the LeftObamacare's double-digit rate hike, explained in 400 words
Obamacare premiums are on track to rise faster than ever before in 2017. The Obama administration released data Monday showing that premiums for midlevel plans will rise, on average, 22 percent between 2016 and 2017.
Yes, that is a huge increase. Last year premiums went up by 7.5 percent.