Obamacare Rates To Skyrocket In North Carolina

It’s actually so bad that leftist WRAL can barely find it in themselves to Blame Republicans

Affordable Care Act rates set to skyrocket in NC

About a million North Carolinians who rely on the federal Affordable Care Act are in for a double-whammy on health care costs next year.

Insurers who offer ACA plans are asking for steep increases for 2026. And those rate increases will come on top of the end of federal subsidies that have made ACA plans more affordable for many. Those subsidies will expire in December after Congress declined to extend them.

The insurers say rising healthcare costs and federal changes enacted over the past few months are driving the increase.

Different insurers that provide ACA plans in North Carolina are requesting different rate increases. Amerihealth Caritas is the highest at 36% next year. UnitedHealthcare of NC is seeking 32%. Blue Cross is seeking a 29% increase, and Cigna is asking for 27%.

The rate change requests are under review by the Insurance Commissioner, so, we’ll see what happens.

Rates for ACA plans vary widely according to age, location, benefits and other factors, but Tyson says the average monthly premium for a healthy 21-year-old is $486. For an older adult, it’s $800 to $1200 a month. The average ACA enrollee is saving $705 a year through the subsidies that are set to expire at the end of the year.

That means the average enrollee will see their monthly cost rise about $58 per month when the subsidies expire. And the new rate increase will be added on top of that.

For an average older adult paying $1000 a month for ACA coverage, their monthly bill after the rates rise and the subsidies expire could be closer to $1400. For a healthy 21-year-old, it could go from under $500 a month to about $710.

Um, I thought Obamacare was supposed to be affordable? Isn’t that the name of the bill, the Patient Protection And Affordable Care Act? Wasn’t it meant to bend the curve down for premiums, deductibles, and care?

Instead of helping, it seems that Obamacare made healthcare more expensive.

Loans subsidize ObamaCare

Recent speeches by Tennessee Republican Sen. Lamar Alexander highlight a connection that has yet to be reported in the media and is yet to be understood by the young people struggling with high interest rates in the hopes of financing their college education.

According to the Congressional Budget Office, $8.7 billion of the money collected in student loan interest payments actually goes to pay for ObamaCare. The CBO estimates that the interest rate on these loans could be reduced from 6.8 percent to only 5.3 percent were the funds not used to subsidize the healthcare reform law and other federal programs.

So, Biden (illegally) eliminating all that student loan debt did not help.

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