Obamacare's 2017 Insurer Rate Requests Are Mostly for Double-Digit Hikes [View all]

[AntiBank]

http://www.fool.com/investing/general/2016/05/29/this-is-bad-obamacares-2017-insurer-rate-requests.aspx

The Patient Protection and Affordable Care Act (as it's officially known), or Obamacare (as it's more commonly known), has had quite the tumultuous ride since being signed into law in March 2010.

Based on near-monthly data from the Kaiser Family Foundation's Tracking Poll, the vast majority of Americans don't like Obamacare. Despite this general apathy toward the health law of the land, it still managed to enroll 12.7 million people through its marketplace exchanges for the 2016 enrollment period -- and this doesn't count the millions of other individuals and families who've gained coverage in 31 states through the expansion of Medicaid coverage. According to both Gallup's first-quarter survey and the latest data from the Centers for Disease Control and Prevention (which also includes Medicare enrollees), uninsured rates are at their lowest levels on record as of Q1 2016.

Affordability remains a key concern
But one problem has plagued Obamacare since day one: cost. Although Obamacare's regulations opened the door for many low-income individuals and families to get health insurance, many middle-class families are struggling with rising premium and deductible costs. And since the individual mandate requires everyone to purchase health insurance or pay a shared responsibility payment come tax time, it's leaving millions of Americans with a tough, seemingly no-win choice of struggling to meet their health insurance payments or paying a penalty.

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New York: According to the New York State Department of Financial Services, insurers in New York are requesting hikes ranging from as low as 6.1% to as high as 89.1%, with a weighted average on the individual market of 17.3%. UnitedHealth, which only covers 2% of New York's Obamacare enrollees, requested an increase of (and I hope you're sitting down for this) 45.6%!

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more


Hillary's ObamaCare problem

http://thehill.com/policy/healthcare/281579-hillarys-obamacare-problem


Obamacare Is Failing -- On Purpose?

http://www.forbes.com/sites/sallypipes/2016/05/30/obamacare-is-failing-on-purpose/#6d349493edd1


UnitedHealthcare leaving Illinois Obamacare exchange

http://www.chicagobusiness.com/article/20160531/NEWS03/160539973/unitedhealthcare-leaving-illinois-obamacare-exchange


UnitedHealth To Exit California’s Obamacare Market

http://khn.org/news/unitedhealth-to-exit-californias-obamacare-market/


Here's how much the price of Obamacare changed this year for every state in the US (2015-16 rates)

http://nordic.businessinsider.com/obamacare-price-change-for-every-state-in-us-2016-5?r=US&IR=T




we need single payer