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News That Affects You

ACA health care premiums going up

 

Health care premiums under Obamacare are going up.

 

The Obama administration is confirming that premiums will go up sharply next year under the Affordable Care Act.

 

Health plans sold on Michigan's insurance exchange are expected to see an average increase of just over 17 percent.

 

Last year, the state's Department of Insurance and Financial Services granted every insurer their requested rate increases for individual market plans.

 

Administration officials are stressing that subsidies provided under the law, which are designed to rise alongside premiums, will insulate most customers from sticker shock.

 

 

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