Today’s short post on Obamacare and how it is harming us all: Americans who as of yet have not been cancelled from their health insurance plans will still suffer a huge financial hit because insurance companies are increasing deductibles dramatically in order to afford the ACA requirements.
According to the Wall Street Journal, the average deductible for a bronze plan on the Obamacare exchanges for individual insurance is a whopping 40% higher than the average deductible before implementation of health reform. Deductibles jumped so much in large part because of the added benefit requirements under Obamacare.
These requirements are also driving many employers’ health plan costs higher. With those costs rising, companies are being forced to raise premiums dramatically, cut benefits, and/or resort to other options. Bumping premiums up is one of the most likely of those other options. <source>