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If Tavenner is right, Obamacare will jump dramatically—last year’s premium for the popular silver-level plan surged 11 percent on average. Although Tavenner didn’t mention deductibles, in 2016, some states saw jumps of 76 percent, while the average deductible for a 27-year-old male on a silver plan was 8 percent.
And basically, call it the stupidity of the American voter or whatever, but basically that was really really critical for the thing to pass
originally posted by: Snarl
Anyway, universal healthcare costs anywhere in any country are quite high.
Before last year, insurers had no experience selling such policies, under such conditions, directly to individuals. When they initially set their premiums, they had to make some guesses. They also had to compete for market share. Insurers planning to stay in the new marketplaces for the long haul had incentive to price low, in order to grab customers, even if it meant running losses in the short term.
Now, with hard data on the customers they’re attracting, many insurers are discovering the population is less healthy than they had expected — and more likely to run higher medical bills. At the same time, federal programs designed to cushion insurance company losses are subsiding, partly because the law’s architects intended them to be temporary and partly because Republicans — led by presidential candidate Sen. Marco Rubio (R-Fla.) — forced elimination of one key program in the spending deal Congress enacted last year.
So after two years of premiums that seemed surprisingly low, at least by the standards of private health insurance in the U.S., some insurers are raising prices to adjust. That’s the source of the big hikes that have the attention of Trump and other Affordable Care Act critics. And it’s why, according to ACAsignups.net blogger Charles Gaba, premiums would rise between 12 and 13 percent on average if everybody who currently has insurance simply renewed the same plans for next year.
But, as Gaba points out and Politifact noted recently, the averages also mask a lot of variation. Some insurers are raising premiums more modestly and others are actually reducing rates.
originally posted by: amazing
It would really be great if congress would come up with some tweaks to lower costs. (They could if they wanted to) or a Universl/free plan similar to some systems in other countries, with the option to buy whatever insurance you wanted but if you didn't have it, you'd be covered if you couldn't afford insurance. (Again, congress could come up with some stuff if they really wanted to, they don't)
The problem all along has been our congress.