A recent analysis of ObamaCare marketplace premiums by the Henry J. Kaiser Family Foundation found that the most popular plans will rise by an average of 11 percent in 2017. As more information on decreased competition between insurers has become available, some states can expect rates to increase as much as 26 percent. This alarming increase in cost to health care consumers could have dire consequences for families already struggling under an economy that has been suffocated by the Obama Administration’s expanded regulatory burden.
Wisconsin made national headlines this month as UnitedHealth – one of the largest insurance companies in the country – announced it would stop participating in the state’s exchange. Specific data on how much rates will increase for Wisconsinites was not yet available, but premiums have increased each year since the failed law was implemented in 2013.
In addition to continued rate hikes for the most popular plans, ObamaCare has crushed hard-working families and small businesses with at least 21 new tax hikes and 10,000 pages of new regulations.