Obamacare Premiums Continue Rise as Providers Exit

Despite the fact that the Republicans in the Senate failed to repeal Obamacare as they promised the American people, this is still a massive problem that is harming everyday Americans.

MacIver News Service | August 2, 2017

By Chris Rochester

Update: Molina Healthcare announced Wednesday it will withdraw from Obamacare exchanges in Wisconsin and Utah, citing a $230 million quarterly loss. The company had requested rate increases of 40+ percent for 2018 prior to the announcement. Read the company’s announcement¬†here.

[Madison, Wis…] Obamacare premium increases will likely continue their rapid upward trajectory in 2018, according to new numbers from healthcare.gov.

Premiums for health insurance plans on Wisconsin’s Obamacare exchange could increase by 12 percent in 2018. Preliminary rate increase requests by Wisconsin insurance companies were posted Monday to the federal¬†website

Of the 90 Obamacare-compliant health insurance plans that reported rate changes to healthcare.gov, the average increase was 12 percent. Rate changes range from a modest 6.15 percent decrease to a staggering 46.25 percent increase.