Regardless of whether or not you make your federally-mandated purchase through an Obamacare exchange, we can expect to get our pockets picked again next year (and likely every year from here on). From Kaiser Foundation:
Across the 14 cities we examined, the premium for the lowest-cost silver plan is increasing by a weighted average of 11% in 2017, though changes vary geographically ranging from a decrease of 14% in Providence, Rhode Island, to an increase of 26% in Portland, Oregon.
I suspect that the reason for the decline in Providence may be related to a conversation between mob bosses and insurance administrators along the lines of "drop the rates or sleep with the fishes".
Notice that in Oregon, the expected 26% rate increase comes on top of the 13% increase we're paying this year - a 39% increase in a period of two years. Yep, Obamacare's really doing wonders for us. Of course, as noted above, those figures are for the lowest-cost silver plan (68% of Americans purchase the silver plans).
However, things aren't all that much better for those who buy the second-lowest silver plans:
Second-lowest silver plan premium changes in 2017 vary significantly across these cities, ranging from a decrease of 13% in Providence, Rhode Island, to an increase of 18% in Portland, Oregon.
"This will save you $2500 per year".
"If you like your plan, you can keep your plan".
"If you like your doctor, you can keep your doctor".
In addition to switching plans, enrollees may also have to switch insurance companies in order to avoid a significant premium increase, which could involve changing doctors as well.
Hard as it may be to believe, it looks an awful lot as though Obama lied to the American people.
The Kaiser Foundation analysis focused upon the two lowest-cost silver plans both because they are the most commonly purchased, and because the second-lowest silver plan is the benchmark upon which federal subsidies are based. Both are going up in price rather than down as advertised. As the prices escalate, so do the costs associated with federal subsidy payments.
What we seem to be looking at, here, is a repeat of what happened after the feds decided to get involved in the student loan business: rather than stabilizing or lowering the cost of higher vegetation, prices went through the roof - and we're seeing the same thing now that they've got involved in health care.
Democratics have evidently never heard of the definition of insanity.