‘Affordable:’ White House Confirms Steep 2016 Obamacare Premium Hikes
The Obama administration is finally admitting what industry experts and state-level actuaries have been forecasting for months, based on factors such as underperforming bailout-style programs (expiring after next year) designed to artificially hold down rates, sicker-than-expected risk pools, and stagnating enrollment projections. The Wall Street Journal reports:
The Obama administration said many consumers will see noticeable premium increases when buying health coverage on insurance exchanges in 2016, acknowledging for the first time what many health-care experts had predicted.
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