States across the country, including North Carolina, can expect similar proposed hikes in coming months. Obamacare sticker shock is coming, and it’s going to hit rural areas especially hard.
Hold on. Aren’t insurers mostly profitable in the Affordable Care Act’s individual markets? Yes, they are. So what’s happening? Exactly what insurers and health care experts predicted when Republicans sabotaged the Affordable Care Act last year.
When Republicans repealed Obamacare’s individual mandate, they changed the economic viability of the Affordable Care Act, which counted on healthy people’s premiums defraying some of the cost of insuring the less than healthy. In addition, the Trump administration scrapped subsidies to insurers and gave healthy folks more reason to leave the exchanges by allowing insurers greater room to offer thinner policies that cost less money.