How do Employers Cut Healthcare Costs? Make Employees Pay More

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How do Employers Cut Healthcare Costs? Make Employees Pay More

Nov, 10th 2016

In just two days, open enrollment for the Affordable Care Act, which is best known by its nickname, Obamacare, is set to kick off. The big story during open enrollment in 2017, the fourth open enrollment period since Obamacare was fully implemented, will be premium inflation.

According to the USA Today via data from ACASignUps.net, residents in four states -- Tennessee, Arizona, Minnesota, and Oklahoma -- are facing weighted average premium increases in excess of 50% in 2017, with residents of Montana, Illinois, and West Virginia expected to face premium hikes of between 40% and 49%. As a whole, Obamacare premiums are expected to increase by a weighted average of roughly 25% across the country. While approximately 85% of Obamacare enrollees are mostly shielded from these premium hikes by the...

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