That’s the average rate that insurers say they’ll be raising health insurance premiums in 2017 due to the so-called “Affordable” Care Act.
Some reports show premiums may even double. Not only that, but deductibles are going up too, so Americans are paying more for less coverage.
The Obama administration attempted to tamp down on the sticker shock. According to an article released by McClatchy:
In disclosing the 2017 rates, officials played down the impact of higher prices on consumers. They said that more than eight in 10 consumers will qualify for ACA subsidies that will cushion them from sticker shock. And they noted that as premiums go up, more Americans will be eligible for the tax credits.
But none of that fixes the core problems with government run healthcare.
As more and more layers are added between patients and doctors, prices will continue to increase as the quality of care drops.