Affordable Care Act Looks Less Affordable
Posted at 9:25 a.m. on Aug. 29
“Republicans have long blamed President Obama’s signature health care initiative for increasing insurance costs, dubbing it the ‘Unaffordable Care Act.’ Turns out, they might be right,” National Journal reports.
“For the vast majority of Americans, premium prices will be higher in the individual exchange than what they’re currently paying for employer-sponsored benefits, according to a National Journal analysis of new coverage and cost data. Adding even more out-of-pocket expenses to consumers’ monthly insurance bills is a swell in deductibles under the Affordable Care Act.”
“Health law proponents have excused the rate hikes by saying the prices in the exchange won’t apply to the millions receiving coverage from their employers. But that’s only if employers continue to offer that coverage–something that’s looking increasingly uncertain.”