The bottom line is that the average ACA Marketplace plan premium is going up next year, but for the more than 90% of Floridians enrolled that receive tax credits there will be little to no impact at all.
“Premiums will increase by 25 percent on average for midlevel plans next year, according to the Department of Health and Human Services, but most Americans will be largely insulated from price increases by federal subsidies. About 85 percent of the 10.5 million people who bought insurance through the online health exchanges this year received subsidies; that proportion is likely to increase in 2017 as premiums rise.
Premiums are going up because many insurers underpriced plans when they started selling policies in 2013; not enough healthy, younger people signed up; and those who did used more medical care than the insurers had anticipated. As a result, companies like UnitedHealth and Aetna have stopped selling health plans in many parts of the country and the providers that remain have raised prices.”
New York Times Editorial Board, 10/25/16
Despite the increased cost for the federal government the long-term outlook for health care spending in the United States has improved dramatically.
Over the ACA’s first decade, the US is now on track to spend $2.6 trillion less than was projected without the ACA back in 2010. Health care prices have risen at the slowest rate in 50 years since the law passed. The average premium for employer-sponsored family coverage in 2016 was nearly $3,600 lower than if premium growth since 2010 had matched the average premium growth rate recorded over the decade preceding the ACA. Slower growth compared to before the law was enacted has helped our economy, businesses, workers and state governments.
The White House, 10/20/16
Oh and by the way, the ACA has also helped a tremendous amount of people.
“Whatever faults Obamacare may have — and it's been no panacea for the shortcomings of health care in this country — even its harshest critics must recognize those 16 million to 17 million people (depending on whose estimates one uses) who have received a literal lifeline from health care reform. Not only does a lack of insurance worsen and shorten lives, it puts millions of working families at risk of financial ruin — as anyone who has suffered a major illness while not having the benefit of insurance can attest.
Lest anyone forget, the Affordable Care Act made it possible for people with pre-existing conditions to buy insurance without penalty and for those earning 133 percent of the federal poverty level to qualify for Medicaid (at least in those states that welcomed the federally-subsidized Medicaid expansion). The result has been a steady shrinking of the number of uninsured each year since Obamacare went into effect, particularly in the states that operated their own exchanges and chose to expand Medicaid coverage for the working poor.”
The Baltimore Sun, 5/18/16
The problems are fixable – we just have to elect the right people
“The health reform law — essentially, a messy compromise forged between our government and powerful insurance corporations — is certainly not perfect. Lawmakers on both sides of the aisle are worried about premium price increases squeezing Americans, and there’s broad consensus that the Affordable Care Act needs some improvements to help it function better.
But the loudest critics of the law are also the same people standing in the wayof meaningful reform. (Opponents) have consistently pushed to scrap Obamacare altogether — a path forward that would create many more issues than the current premium hikes, seeing as it would leave millions of Americans with no access to affordable health care whatsoever. (Hostile) lawmakers across the country have also blocked Obamacare’s Medicaid expansion provision, preventing the law from insuring additional low-income Americans, and have so far resisted the policy tweaks that have been proposed as avenues to build upon the existing law.”
Think Progress, 10/25/16
The power to improve health care access, affordability and quality lies in the hands of those we chose to represent us. That's why in 2016, it's more important than ever to #VoteHealthCare.