Obamacare

Expert Says Obamacare Premiums Will Spike Even Higher in 2017 [VIDEO]

An expert expects 2017 Obamacare premiums to go up significantly.

As if the increases in 2015 and 2016 weren’t enough, 2017 Obamacare premiums will probably go higher.

Along with all the other bad news about Obamacare, here’s the latest from the Fiscal Times:

Amid rising drug and health care costs and roiling market dynamics, the spokesperson for the nation’s health insurers is predicting substantial increases next year in Obamacare premiums and related costs.

Without venturing a specific percentage increase, Marilyn Tavenner, the president and CEO of America’s Health Insurance Plans (AHIP), said in an interview with Morning Consult that the culmination of market shifts and rising health care costs will force stark increases in health insurance rates in the coming year.

“I’ve been asked, what are the premiums going to look like?” she said. “I don’t know because it also varies by state, market, even within markets. But I think the overall trend is going to be higher than we saw previous years. That’s my big prediction.”

Tavenner has experience with Obamacare problems. She was the administration official in charge of the Center for Medicare and Medicaid Services (CMS) who oversaw the catastrophic rollout of HealthCare.gov with all its many problems.

The thing is, Obamacare rates have consistently spiked every year. The Fiscal Times reports that they went up an average of eleven percent for silver plans at the beginning of 2016.

What is going on to make premiums keep going up? What Megan McArdle wrote about UnitedHealthcare’s recent pullout may be relevant:

Widespread gaming of the insurance rules would pose an existential threat to the exchanges, because it would require enormous premium hikes, which would in turn force more people to game the system as the premiums became less affordable.

Whatever happens, it is hard to imagine how the situation in healthcare could have possibly gotten worse if the Affordable Care Act had never been passed into law. Huge rates and huge out-of-pocket expenses with no freedom to refuse the “service”—that is what the government has created.

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Joe Scudder

Joe Scudder is the "nom de plume" (or "nom de guerre") of a fifty-ish-year-old writer and stroke survivor. He lives in St Louis with his wife and still-at-home children. He has been a freelance writer and occasional political activist since the early nineties. He describes his politics as Tolkienesque.

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