Obamacare deductibles are on the rise for 2017

Obamacare deductibles are on the rise for 2017

Postby Maddog » Thu Oct 27, 2016 8:15 pm

Those cheap Obamacare plans are getting even more expensive.

Deductibles for individuals enrolled in the lowest-priced Obamacare health plans will average more than $6,000 in 2017, the first time that threshold has been cracked in the three years that Affordable Care Act marketplaces have been in business, a new analysis finds.

Families enrolled in bronze plans will have average deductibles of $12,393, according to the study by the consumer insurance comparison site HealthPocket.

HealthPocket also found that that average premiums, or monthly payments, for bronze plans nationwide will increase 21 percent next year for people who earn too much to qualify for Obamacare subsidies. A 40-year-old unsubsidized bronze plan customer would pay $350.23 each month for their health coverage, compared to $289.88 per month this year.

The analysis come two days after the Obama administration revealed that the premiums for so-called "benchmark" silver plans are set to rise in 2017 by an average of 25 percent next year in 39 states served by the federal insurance exchange HealthCare.gov. That increase, which will affect unsubsidized customers, is more than triple the average price hikes seen for plans in 2016.

http://www.cnbc.com/2016/10/26/obamacar ... miums.html

Long story short, this plan that was supposed to save everyone money is now bankrupting people because they can't afford the price increases, and even if they can, insurance doesn't kick in until you have spent 5-10 thousand dollars every year.
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