“Give it time, the costs will be stable,” that is what an agent for the Affordable Care Act (ACA), also known as Obamacare, tells the press when asked about the higher costs of government programs.
However, prices have not fallen, but are expected to rise instead.
A new analysis by the Kaiser Family Foundation (KFF) shows that median Obamacare premiums for affordable care exchanges are expected to increase by 18% in 2026, with some rising to 30%.
The key points from the analysis are as follows:
– The most increase in proposed premiums falls between 12% and 27%.
-66% of health plans suggest hiking between 15% and 20%.
-39% of health plans are seeking an increase of 20% to 25%.
– An additional 30% of health plans require an increase of 25% to 30%.
“The Affordable Care Act was not intended to make insurance affordable. As premiums rise by 18, 20 or 30% in 2026, who can afford this wealth redistribution scheme?
CCHF says there are several reasons why premiums are rising.
The ACA has led mass consolidation of the health insurance industry to relatively few health plans, resulting in a decline in competitive pricing. The ACA did not limit how much premiums would be.
As found in a 2019 survey, “Regulations for US Health Insurance Markup,” ACA Health Loss Rate (MLR), which limits management plan spending, could create incentives to increase costs.
Streamlining these increases is merely an excuse to raise premiums as the end of the expanded Covid grant.
