While the “get less” still remains a bit further down the road for most people, the “pay more” is right around the corner:
Vermont, Connecticut and Arizona Obamacare customers will almost universally be paying higher premiums in 2015, contrary to one of the central promises of the health-care law — lower health care costs.
Insurers are upping premiums for all Obamacare exchange customers in Vermont, which is working its way to a single-payer health-care system to encompass the whole state by 2017. MVP Health Care has requested an average rate increase of 15.4 percent, while the only other insurer, Blue Cross Blue Shield, requested average hikes of 9.8 percent.
The lowest increase came from BCBS at 5.6 percent for the lowest-quality coverage, a high-deductible bronze plan, while the largest hike was an 18 percent increase for MVP’s silver plan — the most popular health plan type nationally.
That Means It’s Working™.