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Obamacare

Most Americans say they can't pay the monthly insurance premiums they are charged for their health plans unless they are eligible for federal financial assistance that lowers their price. Thats the finding of a HealthPocket survey regarding coverage in 2017. 52.5 percent of the 1,133 people surveyed said they could afford up to $100 per month. 15.9% said they could afford $200 and 11.6% said they could handle $300. Just 20 percent of respondents said they would be able to afford a plan that costs more than $300. HealthPockets head of Data and Research, Kev Coleman, noted that most Obamacare plans cost more than $300 per month before subsidies are factored in. Millennials ages 18 to 34 were more apt than other groups to say $100 was the most that they could afford. Coleman said recent data suggests that higher premiums for 2017 could be slowing enrollment in Obamacare among new customers. 24% of sign-ups in the first two weeks of November came from new customers compared to last years 34 percent of sign ups were new enrolles in the first two weeks. The Dept. of Health and Human Services said that more than 1 million people had selected a plan during the first two weeks of open enrollment for 2017. Coleman called the drop in sign-ups worrisome pointing out that the Obama administration has been trying to increase enrollment to stabilize these risk pools so that premiums don't continue to spike.

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