Pennsylvania Obamacare insurers ask for a 5 percent increase next year
The good news is that consumers in about half of
Nearly 20,000
Most people won't see a significant difference in their premium prices because federal financial assistance typically increases to match price hikes. However, those who don't qualify for subsidies will have to pay more.
Nearly 390,000 Pennsylvanians signed up for insurance through the Affordable Care Act for this year, according to the
Enrollment for 2018 fell about 9 percent short of the 2017 numbers after federal officials cut the enrollment period in half and reduced funds for advertising and enrollment assistance.
President
A repeal of the individual mandate will likely reduce the federal deficit by about
The mandate repeal likely prompted insurers to rise prices in numerous states, said
"PA got clobbered by the huge rate increases early and now that the prices are sky high it is not necessary for the carriers to increase the rates by big margins," he said.
Despite the relative stability of the marketplace, people who don't qualify for financial assistance for premium prices are suffering, Laszewski said. In
"Before Obamacare the poorest and those with pre-existing conditions in the individual market had poor health insurance options," he said. "Today, the poor and the sick have much better options, but the healthy in the middle class [not subsidy-eligible] are the ones who are the big losers."
Last year, insurance companies in the
In
Insurance Commissioner Altman and
The initial price increases, when
Because of multiple years of significant price hikes, insurance companies across the country are making money off the marketplace and thus making the marketplace stable, health experts said. Insurers are no longer leaving the marketplace, Cox said.
And the program has gained popularity.
A Kaiser poll last month found that 49 percent of people favor Obamacare, compared to 43 who do not. That's a flip from two years ago, when only 38 percent of people found Obamacare favorable, and 49 percent did not.
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