Obamacare Is About To Get WAY More Expensive For Millions Of Americans

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Premiums for the most widely used Obamacare plans, known as “Silver” plans on the state exchanges, will rise an average of 34 percent in 2018, according to research published Tuesday evening from Avalere Health.

Silver plan premiums will be up, on average, roughly 38 percent from 2017, an increase that could prove incredibly difficult for many families to meet. Bronze, Silver and Platinum plans are all expected to see premiums rise at least 16 percent, or more, in 2018.

Health premiums are soaring, according to insurance providers, because the Trump administration decided to stop paying out crucial subsidies, known as cost-sharing reductions (CSRs), that help reimburse insurers for the cost of covering low-income individuals on the Obamacare state exchanges. Insurance providers are slated to pay out $7 billion in subsidies this year and roughly $10 billion in 2018.

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