Supporters of the “Affordable Care Act” said that the Act would save the average American family $2,500 per year. Instead the Act has increased health care costs by thousands of dollars per household.
One-third of American counties now have only one health insurer.
Insurance companies are losing hundreds of millions of dollars annually. Their reaction is to pull out of markets and seek to make up for loses by raising premiums significantly in 2017.
The Kaiser Foundation expects an average increase of nine percent for policies on the exchanges, but in the individual market, the increases will vary by state- averaging 14 percent, but may be as much as 25 percent in some markets.
Of the original 23 co-op exchanges, only 3 are expected to survive through 2017. See here.
