Premiums on ObamaCare plans in 14 major cities are set to increase by an average of 4.4 percent in 2016, according to a new analysis.
The analysis from the nonpartisan Kaiser Family Foundation looks at 14 cities where complete data on rates from all insurers on ObamaCare’s marketplaces is available, and will be updated as more states release data.
Hillary Clinton has officially joined the hue and cry for repealing the “Cadillac tax,” a controversial but important Obamacare provision slated to take effect in 2018.
Despite the cutesy vehicular nickname, this tax is actually on high-cost health insurance plans (those costing at least $10,200 for a single person and $27,500 for families). It’s no wonder that Clinton, like other poll-sensitive or perhaps misguided politicians, has come out against it: This tax, like so many other taxes, has proved hugely unpopular, repelling an unholy alliance of unions, businesses and the public at large.
Like premiums, the Cadillac tax will be entirely borne by workers. Whether it is passed on as a hike in premium or a reduction in wage growth is a secondary matter.
The Employer Benefits Survey, which the KFF has sponsored for many years, continues to be an important and excellent resource. The whole survey is worth reading.
– See more at: http://healthblog.ncpa.org/health-plan-deductibles-grew-seven-times-faster-than-wages/#sthash.Xt2a7Gif.dpuf
It’s time for the Affordable Care Act to join a long list of oxymorons. Why? Because rather like “military intelligence,” “cat proof,” “government organization,” and “simple calculus,” the law better known as Obamacare turns out to be an inherent contradiction. For a sizeable part of the population, anyway.
The ACA is just not affordable to a big chunk of those it was most meant to serve: The previously uninsured. In fact, many are worse off than before, according to a new study. That fact could also unravel part of the program’s foundation, which could be a problem for healthcare insurers.