The Guardian - People in the US shopping for health insurance through the Affordable Care Act marketplaces will face a steep 26% average price increase next year, according to new analysis from the Kaiser Family Foundation released just days before enrollment begins on 1 November.
The jump represents one of the sharpest rises since the healthcare program launched over a decade ago, with consumers using the federal healthcare.gov platform set to see even steeper hikes of 30% on average. State-run marketplaces are also expected to experience a 17% increase.
But the financial pain for many of the 24 million Americans enrolled in ACA plans, now a record number, could be far worse. Enhanced subsidies that have kept premiums affordable for millions are set to expire at year’s end, which threatens to more than double what many households actually pay out of pocket, according to KFF.
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