The rates for Obamacare health plans are going up — and that fact is getting quite a big reaction online. However, Obama subsidies are also rising with Obamacare rates, reports NPR. The Obamacare rates felt the strain in the wake of three big insurers taking away coverage in U.S. markets.
On Monday, Healthcare.gov opened to allow healthcare shoppers to look through their plans, reports USA TODAY – the same day that the government confirmed that some Obamacare rates would rise as much as 25 percent.
Although Obamacare retail prices have risen sharply, there is still hope and help available, reports CNBC, even though insurers are cutting their presence in the marketplace.
The reason for the sharp incline in Obamacare rates boils down to the fact that some people who signed up for Obamacare were more ill than the insurance firms anticipated, reports Vox.
As a result of the news of Obamacare premiums going up next year, Donald Trump has made a statement, as published on Trump’s website, via Jason Miller, Trump’s Senior Communications Advisor.
“Today’s news that Obamacare premiums are set to increase by an average of 22 percent in 2017 is staggering and 1 in 5 will only have one insurer to pick from. This shows why the entire program must be repealed and replaced. While Secretary Clinton wants to expand the failed program known as Obamacare, Mr. Trump knows the only way to fix our nation’s failing health care system is complete and total reform.”
Based on a person’s political and ethical beliefs, Obamacare is either Obama’s swan song — his greatest accomplishment during his eight-year tenure in the White House as president, or Obamacare is seen as a horrible move that needs to be completely reversed. Certain folks believe Obamacare is sucking the financial reserves of the nation, as reported by Forbes.
As seen in the above photo, the HealthCare.gov website allows people to buy their own health insurance via the website.
A result of the so-called Obamacare meant that approximately 90 percent of Americans have health insurance, which is the largest amount of covered people in history. Obamacare allowed people who may have been previously denied coverage because of pre-existing conditions to gain coverage. Despite the positives, Obamacare remains a controversial and divisive topic.
Some people are in the middle of the road on the Obamacare issue, with people believing that Obamacare shouldn’t be totally repealed — but should be slightly reformed.
Either way, the up to 25 percent jump in Obamacare rates is the biggest surge yet, reports Bloomberg. The publication calls the rise in premiums the speed bump in the road for Obamacare plans.
Many lower-income households will be protected from the Obamacare huge price hikes, reports the Huffington Post. Other people might find relief by switching away from Obamacare.
However, it’s not all gloom and doom for the Obamacare hikes. About 70 percent of people will find Obamacare plans costing $75 per month, reports The Hill. The Obamacare premiums for standard plans are the ones that will go up an average of 25 percent only those 39 states that are covered until Obamacare.
As news of Obamacare premiums going up broke, some wonder if a single-payer option would be a fix for Obamacare, as reported by the Wall Street Journal.
With the presidential election a short time away, wherein Americans will elect a new president, President Obama will do anything to save Obamacare, reports the New York Post.
The publication notes that the nickname Obamacare was dubbed by Republicans and critics that wanted people to know it was Mr. Obama who enacted the healthcare plan that they did not agree with. The most popular plan under Obamacare — actually named the Affordable Care Act — is the silver plan.
[Featured Image by J. Scott Applewhite/AP Images]