Double-Digit Premium Hikes Do Not Make for an Affordable Care Act

With official confirmation from the Obama Whitehouse that consumer are going to face double-digit premium hikes for healthcare, it means less disposable income for the consumer-led US economy. We have to wonder if Janet Yellen and the rest of the Fed’s FOMC has factored this into their forecast and interest rate hike decisions…

Premiums will go up sharply next year under President Obama’s healthcare law, and many consumers will be down to just one insurer, the administration confirmed Monday. That will stoke another Obamacare controversy days before a presidential election.

Before taxpayer-provided subsidies, premiums for a midlevel benchmark plan will increase an average of 25% across the 39 states served by the federally run online market, according to a report from the Department of Health and Human Services. Some states will see much bigger jumps, others less.

Source: Obama administration confirms double-digit premium hikes for healthcare – LA Times

About the Author

Chris Versace, Chief Investment Officer
I'm the Chief Investment Officer of Tematica Research and editor of Tematica Investing newsletter. All of that capitalizes on my near 20 years in the investment industry, nearly all of it breaking down industries and recommending stocks. In that time, I've been ranked an All Star Analyst by Zacks Investment Research and my efforts in analyzing industries, companies and equities have been recognized by both Institutional Investor and Thomson Reuters’ StarMine Monitor. In my travels, I've covered cyclicals, tech and more, which gives me a different vantage point, one that uses not only an ecosystem or food chain perspective, but one that also examines demographics, economics, psychographics and more when formulating my investment views. The question I most often get is "Are you related to…."

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