US EditionPanic Across US as Health Insurance Costs Set to Surge
Expiration of enhanced ACA subsidies will raise premiums by about 20%, disproportionately impacting self-employed, small business workers, and lower-income individuals, experts say.
- Next year, many Americans will face big monthly premium hikes as Affordable Care Act compliant plans rise around 20 percent and employer plans over 6 percent, hitting small business workers, self-employed Americans and those who retired early hardest.
- The expiration of enhanced subsidies is the central cause of rising premiums, as insurers anticipated this and tax advantages will grow more unequal for employees of larger businesses versus the self-employed.
- Polls show an AP and NORC poll found 81 percent view health care as very important and 57 percent worry about costs; Daniel Polsky said a thriving ACA marketplace supports self-employment.
- Some consumers will downgrade plans, increasing uncompensated care and financial strain, while self-employed and small business owners could face monthly premiums upwards of a thousand dollars in some areas.
- Jonathan Gruber warns subsidy cuts risk reversing ACA’s market fixes, while younger and healthier enrollees dropping coverage could raise premiums and reduce competition as individuals above the 400 percent federal poverty line lose subsidies.
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Panic across US as health insurance costs set to surge
Rachel Mosley, a Florida pre-school teacher, recently learned her family's health insurance premiums are set to nearly triple to a staggering $4,000 a month next year when US government subsidies expire.
With Health Care Costs Set to Skyrocket, DCCC Launches New Digital Ad To Hold House Republicans Accountable
The Democratic Congressional Campaign Committee unveiled a national digital ad buy blasting House Republicans for driving the nation over a health care cliff which will trigger a massive price hike for millions of Americans as soon as November 1st, when open enrollment for the Affordable Care Act begins. The four-figure ad buy, which is scheduled to run beginning this weekend on YouTube, makes clear that rising health care costs are a direct res…
The North American families are concerned about the increase in health insurance, because aid related to the public programme 'Obamacare', of which 20 million Americans benefited, expired at the end of the year. "Get out to cry in my neighborhood," said Professor in Florida, Rachel Mosley, in statements to the French news agency AFP when he learned that his family health insurance would go from 1,400 euros (about $1.214) to almost $4,000 (about …
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