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Obamacare Premiums Skyrocket: Millions Face Uncertainty
Skyrocketing Obamacare Premiums: Millions Face Uncertainty as Government Subsidies ExpireIn the face of expiring COVID-era subsidies, millions of Americans relying on Obamacare health insurance are bracing for a significant increase in premiums, with the average total cost expected to jump from $888 to $1,904 in 2026. The political stalemate over replacing these subsidies has left many in limbo, with the open enrollment period for 2025 plans set to close on January 15th. The human impact is considerable, with one-quarter of Obamacare marketplace enrollees potentially going without insurance next year if their premiums double. Despite the current legislative hurdles, investors remain hopeful for a deal in 2026, which could include a retroactive extension of subsidies and a special enrollment period. Meanwhile, state-run exchanges are reporting lagging sign-ups, indicating that the uncertainty and anticipated premium hikes are already impacting enrollment decisions.
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Published on 2 weeks ago