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Surprise Surprise: Healthcare Premiums Go Up Massively - IJ Review
Insurance premiums under the Affordable Healthcare Act are up 39% to 56% according to a new report. Across the country, families are paying an average of $663 per month and individuals are paying $274. On the extreme end, some families in California are paying more than $2,600 and more than $1,800 in New York.
These premium changes are for individual plans that do not qualify for the government subsidy. Funds from
other Americans the government are available for individuals earning $45,960 per year and for families of four earning less than $94,200. A significant number of Americans, obviously, qualify for subsidies and it is expected that more than $1 trillion dollars will be provided to subsidize costs over the next ten years. To put this in perspective, median household income in America is about $51,000 per year....