Rate hikes for 2017 might make you think that Obamacare has sent health insurance rates through the roof. But if that's what you thought, you would be wrong.
Individual health insurance actually came down in price when Obamacare took effect. While premiums are rising, they are still a bargain compared to what they would have been without the law.
You might wonder how that can be. Premiums for a benchmark policy on the federal exchange will rise by an average of 25% next year. And that's on top of increases in 2015 and 2016. Doesn't that mean Obamacare costs are spinning out of control?
