“Your [Obamacare] health insurance is going up … 68 percent, 59 percent, 71 percent.”
Premiums are expected to increase overall in 2017, but Trump is cherry-picking from the highest proposed increases in the insurance marketplace.
State-by-state weighted average increases range from just 1.3 percent in Rhode Island to as high as 71 percent in Oklahoma. But the most common plans in the marketplace will see an average increase of 9 percent, according to the Kaiser Family Foundation’s July analysis. These plans have been used as the benchmark to calculate government subsidies.
The vast majority of marketplace enrollees (about eight in 10) receive government premium subsidies. They are protected from a premium increase (and may even see a decrease) if they stay with a low-cost plan. According to the Kaiser Family Foundation, “anecdotal examples of premium hikes or averages across insurers can provide a skewed picture of the increases marketplace enrollees will actually face.”