State Officials: We May Have to Increase Obamacare Premiums

State Officials: We May Have to Increase Obamacare Premiums

That picture will be the same for many Americans across the country'.

Tennessee Insurance commissioner Julie Mix told The Hill newspaper she "had no choice" because "it came back to be actuarially justified". Aetna said it will lose $300 million this year on ACA-compliant plans.

The Weekly Republican Address is available in both audio and video format and is embargoed until 6:00 a.m. ET, Saturday, August 27th.

Sen. Lamar AlexanderLamar AlexanderTenn. senator blasts "intolerable increase" in ObamaCare prices GOP Rep. When Tennesseans woke up on Wednesday morning and opened up our state's largest newspaper, the front page headline read 'very near collapse'.

And as Paul Krugman points out, numerous states fighting Obamacare implementation are the very states that made a federal solution necessary by using their power under the preexisting Medicaid program to shirk health-care access for poor people with serious health problems.

"Next year Tennesseans will be paying an intolerable increase - on average, between 44 and 62 percent more for their ObamaCare plans than they paid last year", he said.

In more than a dozen states, insurance companies have requested double-digit rate increases for next year. And if that happened, Tennesseans might have had only one insurer to choose from. The plans cover the vast majority of Tennessee's Obamacare enrollees, with 83 percent individual market share. Since the act has become law, about 20 million Americans got health insurance from the marketplace.

According to an analysis by the Kaiser Family Foundation, almost a third of us counties will likely be served by only one insurer that participates in an Affordable Care Act marketplace in 2017, representing an increase from 7% this year. A spokesman for Arizona's state insurance regulator told The Wall Street Journal that no insurers have now filed to offer exchange plans in Pinal; there is still time, but not much, and the regulator can not force any insurer to step into the gap.

As previously mentioned, you might not have much of a choice when it comes to premium increases, but you do have options.

Alexander - who noted that Republicans warned President Obama six years ago that the Patient Protection and Affordable Care Act would result in higher insurance premiums for millions of Americans - called on Congress to "take a good, hard look at Obamacare, which is bearing down on American families in a way that can not be allowed to continue".

Why it's a problem: About 27 million Americans still don't have insurance, a bad thing by itself in a country where insurance is often crucial to ensuring access to health care and protection from financial ruin. In states where lawmakers and governors oppose the law politically, Gruber says it has been less successful. And people can not be turned down for insurance if they have pre-existing conditions. The Affordable Care Act's mandate for employer-provided health insurance when workers exceed 30 hours per week on the job is an obvious factor, especially in low-wage hospitality and retail jobs, which are hot spots for part-time positions.

Republican presidential nominee Donald Trump said it is time to start over on health care reform. Republicans have offered a better idea. The same could be said of the American people, if only we had signed on for it.

"These proposed actions and others we have taken over the last six months would help to: support issuers with high-cost enrollees, while updating risk adjustment; strengthen the risk pool; promote additional enrollment; and support issuers in entering the Marketplace or growing their Marketplace business", Counihan wrote in a post summarizing the proposals.

Even Arizona's taxpayer-chartered Obamacare "co-op" plan - a warm, fuzzy, greedless nonprofit - had to abandon the field.

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