Health Insurers Plan Rate Hikes for Obamacare Exchanges
The health insurers’ rate hikes reflect the continuing collapse of Obamacare, as many state Obamacare exchanges continue to experience insurers exiting the Obamacare exchanges. Insurers also remain concerned about President Donald Trump’s potential decision to discontinue subsidies for health insurers to lower the cost of premiums. Conservatives argue that the Obamacare subsidies amount to handouts to large health conglomerates.
.. Sen. Tim Kaine (D-VA) argues that Republicans’ attempt to repeal Obamacare, as well as President Trump’s threat to remove subsidies to health insurers, created the health insurance rate hikes. Kaine said, “These actions, these statements, these inactions, this uncertainty, has created a huge set of chaos in the individual marketplace leading to instability for insurance carriers, higher premiums, and reduced competition
.. Kevin Lewis, the chief executive at Maine Community Health Options, said that its 19.6 percent increase in 2018 arises from healthy people exiting the Obamacare markets.