Obamacare Premiums Will Spike Next Year

Associated Press: “Premiums will go up sharply next year under President Barack Obama’s health care law, and many consumers will be down to just one insurer, the administration confirmed Monday. That’s sure to stoke another ‘Obamacare’ controversy days before a presidential election. Before taxpayer-provided subsidies, premiums for a midlevel benchmark plan will increase an average of 25 percent across the 39 states served by the federally run online market, according to a report from the Department of Health and Human Services. Some states will see much bigger jumps, others less.”

However, the Huffington Post reports the law’s financial assistance “will protect millions of lower-income families from these premium increases, and others can find relief by switching to different plans next year to save money.”