Affordable Care Act? Only if someone else is paying the premiums.
According to an AP news account, middle-class Americans who get no subsidies under ObamaCare are going to get hammered again in 2018 with double-digit health insurance premium increases.
The report quotes one woman from Delaware whose monthly premiums are expected to increase from $740 to $1,000, and that’s for insurance with a $6,000 deductible.
The average 2018 premium hike is 25 percent for a midlevel plan on HealthCare.gov.
In Nevada, Health Plan of Nevada has proposed a 27.24 percent average rate increase for 2018, ranging from 19 percent to 36 percent, depending on the plan. Anthem had proposed increasing rates by 62 percent before it dropped out of coverage in the state altogether.
Silver Summit is to fill the void left by Anthem, but since the company was not previously in Nevada there is rate increase information.
In 2017 the average premium in the Nevada health insurance exchange was $379 a month, but 83 percent of those are getting subsidies that reduce their out-of-pocket premiums to $142 a month. But someone is paying the $237 difference every month and will pickup some portion of the 2018 premium increase.
We wonder who that will be?