Rising Insurance Premiums Outpace Worker Wages

Rising Insurance Premiums Outpace Worker Wages
AP Photo/Andrew Harnik, File

Regrettably, not a word was mentioned about health care in last night's face-off between Hillary Clinton and Donald Trump. Last time I checked, Americans were far more concerned about health care than they  were about tangential issues such as birtherism or whether Donald Trump has released his tax returns. So hopefully the radio silence on such a critical issue will be rectified in future debates.

Obamacare continues to be a slow-motion train wreck. An analysisby Charles Gaba (an ACA supporter) shows that average premium increases in the non-group market will average 24% for 2017.  Last month's decision by Aetna (the nation's third largest insurer) to dump 80% of its Obamacare subscribers for 2017 came on the heels of the decision by UnitedHealth (the nation's largest health insurer) to likewise cut back enormously on its participation in the Obamacare exchanges (3 states in 2017 vs. 34 states this year). Yet another of the nation's “big 5″ health insurers, Humana, will offer coverage in just 156 counties in 2017, 88 percent fewer than this year.

Read Full Article »
Comment
Show commentsHide Comments

Related Articles