Uncategorized

Obamacare Caused Premiums to Spike. Here’s How States Are Lowering Them Again.

Posted

By Doug Badger
The Daily Signal, August 10, 2019

Throughout much of last year, critics of the White House darkly warned that “Trump sabotage” of Obamacare would result in steep increases in premiums for Obamacare plans. They predicted that Congress’ repeal of the tax penalty on the uninsured, coupled with an administration rule lifting federal restrictions on short-term policies, would lead to double-digit premium increases in 2019. The good news is that none of that has happened. To the contrary, average premiums for “benchmark” plans—policies whose premiums are used in calculating premium subsidies—declined slightly (0.83%) in 2019, for the first time in the program’s history. Click here to read more.