USA Today graphic retrieved from Town Hall on 21 October 2016.
As the article puts it, The Cascade of 2017 Obamacare Premium Hikes Has Arrived.
The reason that so many major insurers are pulling out of Obamacare is that the disproportionately sicker risk pools are quite expensive to cover, resulting in huge financial losses to the providers. To offset those losses, enormous rate increases are being approved, making coverage even less affordable for the relatively healthy consumers trying to keep their heads above water -- including millions who receive taxpayer subsidies through the law. As their costs skyrocket even further, more and more younger, healthier people will either walk away from the law, or continue to avoid signing up for it. After all, paying the individual mandate tax is much cheaper than shelling out big bucks every month, on top of out-of-pocket costs; plus, in the event of a health emergency, insurers are required under the law to accept all comers during open enrollment, regardless of pre-existing conditions.It was HillaryCare before it was Obamacare. Will the Opposition be able to do anything with the nasty surprises arriving in so many mailboxes? Or are we staring at the Conrail Option during the first hundred days of a Hillary presidency? Such a nasty prospect.