Premiums for health plans sold through the federal insurance exchange may rise substantially next year, according to an early analysis by the Kaiser Family Foundation released on June 15. The analysis shows that proposed rates for benchmark silver plans are likely to increase by an average of 10 percent across 14 major metropolitan areas, based on insurers’ initial filings in 13 states and the District of Columbia. Source: Washington Post
Not good news, but it gets worse for taxpayers. As premiums rise, so does the federal premium subsidy which is based on the lowest cost silver plan on the Obamacare exchange. In other words, Obamacare is another open ended federal commitment over which there can be only minimal cost control.