Here's how much Obamacare premiums are going up in every state
The Department of Health and Human Services announced Monday that the cost for a health-insurance plan obtained through the exchanges set up by the Affordable Care Act, the healthcare law better known as Obamacare, will increase by 25% on average for the 2017 coverage year.
The report also broke down cost increases by state. The estimates attempted to set a middle of the road bar, using price estimates for a 27-year-old male buying the second-lowest priced silver plan (there are three metal levels: bronze, silver, and gold).
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The increases vary heavily by state, with Indiana and Massachusetts seeing an average 3% decline in costs while Arizona tops out with a 116% average increase.
Many of the states seeing serious increases share similar traits: they have not expanded Medicaid, they have a low number of insurers active in the state, and they have larger rural populations, which are more expensive to cover.
The price changes have gained a lot of attention as some major insurers have pulled out of the exchanges because of large losses, critics of Obamacare say the price increases show the law is in a "death spiral." Supporters, however, contend that 77% of those on the exchanges can get tax credits that would keep monthly payments under $100 and the recent increases bring premium payments only up to levels projected before the law passed.
Business Insider/Andy Kiersz, data from The Department of Health and Human Services
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