Obamacare Report Card Claims Next Year’s Higher Premiums Are ‘One-Time Adjustment’

The Obama administration on Tuesday released a wide-ranging, positive report card on the Affordable Care Act, describing how Obamacare has driven down the rate of people without health insurance “to its lowest level in history,” increased financial security and access for consumers who seek medical care, and bent the cost-curve of health-care spending.

The Council of Economic Advisers report also argues that the big price hikes in Obamacare premiums for plans that go into effect in 2017 “are a one-time pricing correction, not a harbinger of future market instability,” and that the premium increases next year do not threaten the overall stability of the individual health-plan market.

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