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Increasing premiums spur talk of Obamacare changes from both parties

Posted: October 21, 2016

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Insurer defections and rising premiums in the individual insurance market are spurring Democrats and Republicans alike to talk about changes to the 2010 Affordable Care Act, President Barack Obama‘s signature health insurance legislation.

For now, the conversations are largely aimed at their party’s base.

Obama led his party’s cry on Thursday with suggestions that would further entrench the law, including the addition of a government-run health plan in parts of the country with limited competition. GOP lawmakers have continued to call for gutting the law, including proposals to waive its penalties for people who forgo coverage in areas with limited insurance options.

In each of these proposals, both sides have been largely talking past one another. Come January, they will have to talk to each other instead.

Next year, a new president and Congress will be under pressure to ensure that people who buy coverage on their own still have access to viable plans.

Much of the pressure will come from insurers, who say that without changes, they will have no choice but to pull products and raise prices still more, further deterring healthy enrollees and ensuring the situation becomes irreversible. They say there is no time to lose; they are about to set premiums for the enrollment period that begins a year from now.

Read the full story at the Wall Street Journal: Rising Insurance Premiums Boost Talk of Changes to Affordable Care Act – WSJ

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