Obamacare’s implosion rolls on: Americans face ANOTHER double-digit increase in healthcare premiums in 2018

Monday, September 4, 2017
By Paul Martin

by: JD Heyes
Sunday, September 03, 2017

The Obamacare fail will continue unabated into next year, following the failure by Republicans to fulfill their seven-year-old promise to repeal and replace a law that is single-handedly destroying American health care coverage and delivery systems.

As reported by The Associated Press, tens of millions of Americans face a new round of double-digit health insurance premium increases in 2018.

Scores of American neither qualify for Obamacare exchange subsidies nor do their small employers provide coverage, so they must bear the full costs. Many are already paying hundreds per month in premiums and for insurance that comes with thousands in deductibles.

As noted by the AP:

Millions of people who buy individual health insurance policies and get no financial help from the Affordable Care Act are bracing for another year of double-digit premium increases, and their frustration is boiling over.

Some are expecting premiums for 2018 to rival a mortgage payment.

Worse, not only are costs going up but choices of health insurance providers are going down.

Those most at risk include middle-class Americans working for small firms; retirees; skilled tradesmen and tradeswomen; musicians; business owners.

“We’re caught in the middle-class loophole of no help,” Sharon Thornton, a hairdresser from Delaware, told the AP. She noted that currently, she’s paying around $740 per month in premiums, but she’s anticipating a 35-percent increase next year, which will bring it to $1,000 or more.

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