The rising cost of Obamacare plans isn't just bad news for those who use them.
Because the majority of Obamacare enrollees receive subsidies to help pay for their premiums, a major chunk of these skyrocketing costs will end up on the back of the American taxpayer.
The rising cost of Obamacare plans isn't just bad news for those who use them.
Because the majority of Obamacare enrollees receive subsidies to help pay for their premiums, a major chunk of these skyrocketing costs will end up on the back of the American taxpayer.
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UnitedHealth Group Inc. (NYSE: UNH) CEO Stephen J. Hemsley unleashed a bombshell of Obamacare news when he announced that his firm is considering a 2017 exit from the exchanges created by the Affordable Care Act.
This devastating Obamacare news confirmed suspicion that the major insurers aren't doing well with their ACA plans.
So what the heck is going on?
Frankly, it's something the ACA's critics have long predicted...
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Obamacare facts: While the Affordable Healthcare Act (ACA) has helped millions of low-income Americans get medical care, middle-class citizens who have signed up for Obamacare plans are getting crushed financially.
Many middle-class people who enrolled in an Obamacare plan have not only seen premium rates rise, but are getting stuck with steep deductibles. Despite having health insurance, these folks often find they can't afford treatment.
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