Consumers will see their Obamacare premiums skyrocket in 2016, as insurers raise prices to cover the mounting cost of regulations and to cover losses incurred by participating in the program.
An analysis of data from the Robert Wood Johnson Foundation found that premiums for benchmark "silver plans" have risen by an average of 11.3 percent for 2016. A further breakdown reveals that consumers in 47 states saw their premiums rise, 23 states saw double-digit increases, and four states saw increases exceeding 30 percent. Alaska saw the highest increase, at 35.6 percent, and it's average silver plan premiums will reach a staggering $643 in 2016.
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