Here it Comes… Health Insurance Premiums Will Explode in 2017

Isn’t it this all oddly convenient for Barack Obama? He spends eight years dismantling our constitution, working with powerful people like Paul Ryan to get his corrupt, dangerous agenda funded then rides off into the sun as the rest of us have to deal with the consequences.

Come January Barack Obama will leave the White House. His signature piece of legislation, the Affordable Healthcare Act, did get fully funded by the Republican controlled Congress. And that single piece of legislation will immediately begin to crush the American economy and healthcare system almost the day he leaves office.

Indeed, nationwide Obamacare average rates are set to surge by a whopping 22%.

CNN has more.

Obamacare premiums are set to skyrocket an average of 22% for the benchmark silver plan in 2017, according to a government report released Monday.

The price hike is the latest blow to Obamacare. Insurers are raising prices and downsizing their presence on the exchanges as they try to stem losses from sicker-than-anticipated customers. Enrollment for 2017 will be closely watched since insurers want to see younger and healthier consumers enroll.

The benchmark silver plan — upon which federal subsidies are based — will cost an average of $296 a month next year. That figure is based on prices for a 27-year-old enrollee in the 39 states that use the federal exchange, plus the four states and Washington D.C. that have their own exchanges.

Sadly, those who get off with a 22% increase will be considered the fortunate Americans. Because many states are going to see rates surge by percentages that are difficult to even fathom.

For example, the following rate hikes have been approved for some insurers and exchanges.

  • Colorado, Florida & Ohio = Just under 20% increase
  • Connecticut, Georgia, Indiana, Kentucky, Maine & Maryland = 20% to 29% increase
  • Alabama, Delaware, Hawaii, Kansas, Mississippi & Texas = 30% to 49% increase
  • Arizona, Illinois, Montana, Oklahoma, Pennsylvania & Tennessee = 50% to 92% increase
  • New Mexico = 93% increase

Granted, these are only “approved” rate hikes and aren’t guaranteed increases. But does anyone honestly believe these rates won’t increases to these approved new rates?

Absolutely nothing affordable about this at all.