publication date: Oct. 28, 2016
ACA Premiums Up by 25%—Why? How Will Oncology Be Affected?
By Paul Goldberg
HHS officials earlier this week announced that health insurance premiums under the Affordable Care Act plans will, on the average, increase by 25 percent next year.
Experts say that this could be happening at least in part because patients who signed up for the ACA exchanges turned out to be sicker and older than underwriters originally anticipated.
This increase is occurring at a time when the number of insurers taking part in exchanges is shrinking, and as policies that are being written within ACA and throughout the market seek to shift costs, including co-pays on drugs, to patients.
This week’s announcement of steep increases in premiums—which comes on the heels of last year’s 7.5-percent hike—is propelling the problem to the political center stage, especially as it comes to light less than two weeks before the presidential election. About 20 million Americans are insured through these plans.
ACA’s fourth open enrollment season begins Nov. 1. The timing is bad for Democrats. ACA, or Obamacare, is the signature program of President Obama and thus a big target of opportunity for Republicans. Acknowledging that something is clearly not working, Democrat Hillary Clinton vowed during the second presidential debate to “fix” the program. Her husband, former President Bill Clinton, said that people who … Continue reading ACA Premiums up by 25%—Why? How Will Oncology Be Affected?
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