ACA health insurance will cost the average person 75% more next year, research shows
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Health insurance premiums are going way up next year for people who buy their insurance on Healthcare.gov or the state-based marketplaces, according to an analysis out Friday.
The average person who buys Affordable Care Act insurance will be paying 75% more for their premium, according to the analysis from KFF, a nonpartisan health policy research group.
The insurers' narrative
Summer is the time of year when health insurance companies set their rates for the following January and then submit those rates to state regulators.
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Then researchers at KFF pore over those documents to make sense of what health insurance costs are going to look like for consumers in the coming year.
"These filings are usually hundreds of pages filled with math and equations," explains one of those researchers, Cynthia Cox. "But sometimes they also add this narrative to explain why they're raising their premiums."
This year, instead of talking about rising drug costs or hospital charges, insurance companies were talking about federal policy, Cox says. "Pretty much every insurance company is talking about the expiration of enhanced premium tax credits in the ACA markets."
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