Health insurance premiums are going to skyrocket under Obamacare next year, maybe even double! No, wait — they’re only increasing a little, and less than before Obamacare! No, wait — they’re … decreasing in some places?
The crucial question about the second year of enrollment on the Affordable Care Act’s health insurance exchanges is: How much will coverage cost? Actual prices won’t be available in most states until the exchanges open Nov. 15, or shortly before that, so consumers are left to sort through political spin and preliminary reports that don’t make things any clearer.
So what’s going on? First, most people will pay more for health insurance next year. That’s true whether you get coverage from a job, on your own through an exchange or directly from an insurer, or from Medicare. Health insurance prices tend to go up. It’s their nature, and it’s closely tied to how much the cost of medical care rises.
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