More ObamaCare Customers to be Hit with Enormous Rate Hikes
Last week, my colleague Carrie Lukas told you about ObamaCare premiums spiking in a half-dozen different states. Now, you can add Alabama and New York to the list of states that are staring down the barrel of enormous ObamaCare premium increases. In Alabama, it could be as much as 39%:
Blue Cross Blue Shield of Alabama is seeking an average rate increase of 39 percent on individual plans offered through the Obamacare marketplace, according to the Centers for Medicare & Medicaid Services.
The proposed rate hikes will affect more than 160,000 people in Alabama who purchase insurance through the federal exchange, or about 5 percent of Blue Cross membership.
Come 2017, thousands of New York's Obamacare users will wake up to double-digit premium hikes, the latest group of consumers affected by Affordable Care Act cost increases as insurers hemorrhage money from healthcare exchanges.
In a statement on Friday announcing 2017 premiums, NY's Department of Financial Services (DFS) said after weighing insurer requests, the state settled on an average hike of 16.6 percent for individual exchange users in the state, while small group users will see a lower average increase of over 8 percent.
Overall, about 350,000 individual plan consumers will be affected by the price hike, while more than a million users will be hit by higher small group fees.
Are you one of the millions of people who have been hit with spiking premiums, thanks to ObamaCare? If so, we want to hear your story. Visit BrokenObamaCarePromises.com today. Share your story by emailing us at email@example.com. Pictures and/or video testimonials are encouraged.