zerohedge.com / by Tyler Durden / Nov 9, 2017 5:55 PM
As Americans head to the exchanges to purchase their Obamacare plans for 2018, many are experiencing a bit of sticker shock. As the Wall Street Journal points out this morning, folks in Deaf Smith, Texas can expect their premiums to surge 87% next year while those in Clinton, Iowa are looking at a sickening increase of 171%, with monthly premiums surging from $288 to $781.
In Deaf Smith, Texas, for example, a 40-year old single individual who earns too much for federal aid will see premiums jump 87%—from about $290 to $540—according to a Kaiser Family Foundation analysis of prices for a popular, midprice health plan. Only people who make less than 400% of the poverty level—about $48,000 in most states this year—are eligible for federal aid.
In Clinton, Iowa, premiums will rise from $288 to $781, an increase of 171%, for the same plan.
“There is unquestionably a growing divide in affordability between lower-income people who qualify for premium subsidies and middle-income people who do not,” said Larry Levitt, a senior vice president at the Kaiser Family Foundation.
AnnMarie McIlwain, a patient advocate in Summit, N.J., pays $1,087 a month for a family policy, and her premiums next year are going up 39%. With their deductible, the family’s annual health costs could surpass $20,000.
“I find it outrageous. I think there’s going to be a huge outcry,” said Mrs. McIIwain, 56. “They have gone up year over year, but never like this.”
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