Contra its most vocal right-wing critics, the Affordable Care Act has done some good, including making health benefits more mobile, and expanding coverage to millions of people, primarily through subsidies and the Medicaid expansion. But contra its most self-satisfied liberal defenders, it also has not achieved what its backers initially said was one of its key objectives: reducing the cost of private insurance. Over the last few years, premiums for health plans on the exchanges have risen rapidly—and next year, they are expected to rise even more sharply still. The AP reports:
Premiums for popular low-cost medical plans under the federal health care law are expected to go up an average of 11 percent next year, said a study that reinforced reports of sharp increases around the country in election season. […]
The Kaiser study looked at 14 metro areas for which complete data on insurer premium requests is already available. It found that premiums for a level of insurance called the “lowest-cost silver plan” will go up in 12 of the areas, while decreasing in two. The changes range from a decrease of 14 percent in Providence, Rhode Island, to an increase of 26 percent in Portland, Oregon.