States such as Arizona to see 116 percent jump
The Obama administration announced Monday that Obamacare premiums will increase by at least 25 percent in 2017.
According to the Department of Health and Human Services, price hikes – which will vary state to state – are accompanying decreased participation by major insurance providers.
“Before taxpayer-provided subsidies, premiums for a midlevel benchmark plan will increase an average of 25 percent across the 39 states served by the federally run online market…” reports the Associated Press.
Roughly 1 in 5 consumers will only be offered plans from a single insurance company given reduced participation by those such as Humana, UnitedHealth Group and Aetna.