Premiums Doubled Once Obamacare Took Full Effect, Report Says

Obamacare introduced new regulations into the health care marketplace that contributed to premiums doubling after the legislation took full effect in 2014, according to a report the Department of Health and Human Services released Tuesday evening.

HHS compared premiums in the exchange marketplaces in 2013, one year before Obamacare regulations took full effect, to premiums in the exchange marketplace in 2017. The report found that average monthly premiums increased from $224 in 2013 to $476 in 2017. That constitutes a 105 percent increase in only 4 years.

“With data that shows average premiums doubling nationwide and Americans paying nearly $3,000 more for health insurance per year, this report is a sobering reminder of why reforming our health care system remains a top priority of the Trump Administration,” Alleigh Marré, national spokesman for HHS, said in a statement.

One of the main problems with Obamacare are the skyrocketing premiums. Insurers pull out of marketplaces where it is not cost-efficient for them to provide services, and, as a result, consumers are left with fewer options at higher prices.

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