In 2013 — the year before the exchanges opened for business — average individual market premiums were $244. Next year, the average benchmark premium will be $497 — more than double.
The Biden administration chose not to address the core drivers of this premium inflation.
The Congressional Budget Office (CBO) is projecting that some 2.2 million people will become uninsured in 2026 if the enhanced premium subsidies that Democrats green-lit for exchange coverage expire as scheduled at the end of next year.
Eventually, the CBO says, the end of those subsidies will result in 3.8 million people, on average, going without coverage every year through 2034.
Nothing contained in this blog is to be construed as necessarily reflecting the views of the Pacific Research Institute or as an attempt to thwart or aid the passage of any legislation.
Enhanced Obamacare Subsidies Define Taking Without Giving
Sally C. Pipes
In 2013 — the year before the exchanges opened for business — average individual market premiums were $244. Next year, the average benchmark premium will be $497 — more than double.
The Biden administration chose not to address the core drivers of this premium inflation.
The Congressional Budget Office (CBO) is projecting that some 2.2 million people will become uninsured in 2026 if the enhanced premium subsidies that Democrats green-lit for exchange coverage expire as scheduled at the end of next year.
Eventually, the CBO says, the end of those subsidies will result in 3.8 million people, on average, going without coverage every year through 2034.
Read the entire op-ed here.
Nothing contained in this blog is to be construed as necessarily reflecting the views of the Pacific Research Institute or as an attempt to thwart or aid the passage of any legislation.