Obama Administration Confirms Double-digit Premium Hikes

[strategery blunder]

10. No they won't.

Last year my premium went up, but because my income stayed the same, my subsidy stayed the same.

My premium went from about $70 out of pocket/$280 total to $103 out of pocket/$313 total.

What looked like on paper about a 10% increase was actually almost a 50% out of pocket increase. I make about 160% FPL so I have limited capacity to absorb this.

Yes I recognize that Republicans have underfunded the law but Obamacare is going to need an overhaul soon or those on lower incomes who still make too much for Medicaid (or live in states that refused the Medicaid expansion) are going to start dropping coverage like flies in the next few years.

I have probably about another 1-3 years before the cost of health insurance once again exceeds the cost of paying for my (generic) medication and the doctor visits necessary to maintain the prescription, plus the tax penalty. At that point, the choice will be between keeping health insurance or making rent.