A new report shows that Obamacare enrollees could pay more money and end up with fewer options in 2017.
The study from Avalere Health, a health care consulting firm, showed rising premiums, deductibles, and out-of-pocket costs for many customers, a shrinking amount of insurance options in the exchange market, and a drastically lower number of Obamacare enrollees than projected.
Premiums for the silver-level plan, Obamacare’s most popular option, increased by an average of 12 percent in 2017. Specifically, the Avalere report showed that 71 percent of Obamacare enrollees covered under the silver plan have seen their average costs rise from $496 per month last year to $554 per month this year. The average cost for the first and second cheapest silver-level plans have also gone up by 25 percent.
Even for Obamacare’s bronze-level plan—the cheapest, lowest quality option—the monthly, average premiums rose from $408 in 2016 to $475 this year.
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