Health Care Choices and Premiums: What’s Going On in the States

Health care remains a major focus of the public discussion as premium prices rise and choices dwindle. Throughout the summer and into the fall, Obamacare insurers will announce decisions about the prices they want to charge and plans they want to offer next year, submitting them to regulators for review and approval.

Why are premiums increasing so much?

Research shows prices have been rising steadily — while choices have been falling — since Obamacare was first implemented, more than doubling in some places because of its failed policies and regulations.

Average premiums for individual insurance rose 105% in the first 4 years after Obamacare took effect — from $232 to $476 per person, per month. Moreover, Obamacare is forcing people to pay more for less.

In more than half of U.S. counties, Obamacare exchange customers have a “choice” of only one insurer. Networks are narrower, and access to doctors and hospitals is limited. The results include: fewer people had individual policies in December 2017 than in 2014, the first year in which Obamacare took full effect; and the number of small firms offering health benefits to their workers dropped by 24% between 2012 and 2016.

What is being done to lower costs and increase choices?

States, the Trump Administration and private innovators are doing what they can in the constraints of current law… Read More at Heritage.org