Monday, October 12, 2015

ObamaCare Deductibles Set to Surge as High as $6,500

And Americans are stuck with this godforsaken law. Damn.

At IBD, "Another ObamaCare Shock Is Coming: 2016 Deductibles":
ObamaCare costs will jump next year for exchange customers, one way or the other. Premiums are set to spike by more than 20% in at least 16 states. But, for many, the real sticker shock will be soaring deductibles that mean they'll get few benefits until they've racked up huge bills.

Low-end bronze plans have deductibles hitting $6,850 in 2016. Now insurers are hiking silver-plan deductibles as high as $6,500 as a way to keep a lid on premiums. The downside isn't just more out-of-pocket costs for patients; it also will have a ripple effect of reducing taxpayer subsidies for cheaper plans.

Take Indiana, where average premiums are set to rise just under 1% on average, tied for the lowest in the nation, according to ACASignups.net. The cheapest silver plan in Indianapolis will actually fall by 6%, but that doesn't necessarily mean customers will get a better deal...
More.

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