Obamacare supporters will say that increasing premiums don’t matter because anyone getting a subsidy has their premium share capped and they are therefore insulated from these prices and the follow-on big rate increases. The worst that can happen to them is that they will have to shop for a lower cost plan.
Those shoppers may well have to settle for plans with bigger deductibles and narrower networks to keep their premiums flat.
But the bigger thing this argument is missing is that half of the individual market does not get a subsidy in order to buy Obamacare health plans. The CBO has estimated that in 2017 both on and off the exchanges 12 million will get subsidies and 12 million won’t.
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