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Average premium for health insurance plans According to one report, there will be a 30 percent increase next year under the Affordable Care Act.
Under the act, also known as Obamacare, Americans can buy insurance plans Get help through the federal government’s marketplace and pay premiums based on your income.
But price increases could affect the 17 million Americans who buy their health insurance through the government after the Centers for Medicare and Medicaid Services reportedly approve final rates. Washington Post.
Price increases will likely result from the expiration of some subsidies introduced during the pandemic. health insurance payment According to the outlet, that will double or triple for millions of Americans in the next year.
Democrats are demanding an extension of the subsidies, which Republicans argue should never be considered permanent. The dispute over the issue continues between the two parties, which is at the center of the current government shutdown and now heading into its 25th day.
But most people enrolled in Obamacare will still be eligible for support to lower their monthly premium costs, even if the COVID-era subsidies expire at the end of the year.
The Centers for Medicare and Medicaid Services did not immediately respond to a request for comment.
in a statement to Washington PostSpokesman Christopher Krepich said health plans costing less than $50 a month would be available to the average person enrolled in Obamacare, and he accused Democrats of “fear mongering.”
“The Administration will continue to take action to stabilize the ACA marketplace and provide cost savings for the American people,” Krepich said.
Trump administration is ready to open healthcare.gov Monday, where Americans will be able to see the price increase when browsing health insurance price plans ahead of Nov. 1 open enrollment.
The price increases come as a new AP-NORC poll this week showed 6 in 10 Americans are “extremely” or “very” worried about their health costs rising over the next year.
This is a concern that spans all age groups and includes both those with and without health insurance.
Federal policies have put millions of people at risk of seeing health insurance premiums skyrocket or losing their health insurance altogether. The findings show that many Americans are feeling vulnerable to rising health care costs, with some expressing concern about whether they will get coverage at all.
The Associated Press contributed reporting.