Posted by Michael Wonder on 20 Jul 2016
Obamacare’s skyrocketing premiums? Why the sky isn’t falling
20 July 2016 - In recent years, spring has brought with it a new U.S. health care tradition: headlines about proposed premium increases under the Affordable Care Act and predictions of the law’s demise.
This year’s reports declared that Obamacare would be producing major increases in premiums for 2017, citing numbers as high as 37% premium growth for some plans on the Affordable Care Act’s health insurance exchanges — changes that one Associated Press article referred to as “stiff medicine for consumers and voters.” These predictions are typically accompanied by doubts about the law’s performance and economic stability, as well as further stoking of the ongoing political controversy surrounding the Affordable Care Act. But these concerns are overblown, for several important reasons.
