Ignatius;13023495:
You haven’t been keeping up with the news:
The Obama administration published more information about hefty 2016 proposals
Updated June 1, 2015 11:03 p.m. ET
WASHINGTON—The Obama administration published more information Monday about hefty premium increases for 2016.
The rates are projected to triple within the next 10 years.
Medicaid enrollment increases comprise the majority of the increase in affordable care for those earning at the Poverty level or below. So if one is from that group, they may have now something they did not previously. My mechanic son and his daughter, making $35,000 per year had a nice United Healthcare policy that pre-ObamaCare he paid $420 per month for (very reasonable). In 2013, after a massive auto accident that policy paid for $450,000 worth of care with our family paying $2,500. After ACA, his policy premiums increased in three updates to just about $600 per month. Our experience has been that for those in his income bracket that had resonable policies before ACA, they are now in dire straights. Changing to ACA will increase his deductible from $2,500 to $6.000. This is the fact that most “middle income” folks are seeing today