Let's talk ACA premium without government subsidies

[cmh6476 1,115]

Isn't this really what Congress is waiting on? Who can explain this to me like I'm 12 and don't really follow the news? TIA

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November 1 is the start date for the Affordable Care Act (ACA) open enrollment period for 2026 coverage, meaning individuals can enroll, renew, or change health plans. The primary implication is that enrollees will see significantly higher premiums because enhanced tax credits are set to expire at the end of the year, and many will see the true, higher costs for the first time when they log in to the marketplace. 

[dogcows 1,051]

Kaiser Family Foundation health news is a non-partisan health news outlet. They break down the impacts of letting the credits expire here:

https://www.kff.org/affordable-care-act/aca-marketplace-premium-payments-would-more-than-double-on-average-next-year-if-enhanced-premium-tax-credits-expire/

Quote

Since the introduction of the enhanced premium tax credits, enrollment in the Marketplace has more than doubled from about 11 to over 24 million people, the vast majority of whom receive an enhanced premium tax credit. If enhanced tax credits expire, many Marketplace enrollees will continue to qualify for a smaller tax credit, while others will lose eligibility altogether and be hit by a “double whammy” of losing their entire tax credit and being on the hook for rising premiums.

The other thing to know: if numerous people cancel their coverage, the pool shrinks. This will increase the rates for everybody, not just ACA plan buyers. That will be further exacerbated by another fact. Young relatively healthy people pay in without spending much, which keeps the system afloat. They are the most likely to cancel coverage when it gets expensive. That will end up raising premiums even higher, since a higher percentage of people in the pool will be those who spend more on healthcare.

[Sean Mooney 2,048]

5 minutes ago, dogcows said:

The other thing to know: if numerous people cancel their coverage, the pool shrinks. This will increase the rates for everybody, not just ACA plan buyers. That will be further exacerbated by another fact. Young relatively healthy people pay in without spending much, which keeps the system afloat. They are the most likely to cancel coverage when it gets expensive. That will end up raising premiums even higher, since a higher percentage of people in the pool will be those who spend more on healthcare.

100% this....Health insurance rates rely on as large a pool as possible and young people taking insurance and not using it. 

Take those two things out and you will see people get hammered by premiums.

[The Real timschochet 7,391]

3 minutes ago, dogcows said:

This will increase the rates for everybody, not just ACA plan buyers.

This is the part that people don’t get. The other day I heard an interview with a senator from Oklahoma. He dismissed this issue claiming that less than 7% of his constituents were in the exchange. This response struck me as idiotic for two reasons, the first being what you just wrote. The second being that the 7% of Oklahomans on ACA (if that number is at all accurate) are still his constituents. Moron. 

[dogcows 1,051]

Just now, The Real timschochet said:

This is the part that people don’t get. The other day I heard an interview with a senator from Oklahoma. He dismissed this issue claiming that less than 7% of his constituents were in the exchange. This response struck me as idiotic for two reasons, the first being what you just wrote. The second being that the 7% of Oklahomans on ACA (if that number is at all accurate) are still his constituents. Moron. 

25% of people in his state are on Medicaid, and he gutted that too.

[Sean Mooney 2,048]

Both sides of the aisle are going to feel some pressure when the premiums rise in the next couple days. Because then people will see the real cost of this- and health care affects way more people than SNAP

[TimHauck 3,294]

So I assume if we go to healthcare.gov now, the prices shown are what they expect to be without the additional funding, correct?  I’ve seen some x posts with ridiculous costs, but I know it will vary depending on the situation

[Ron_Artest 2,168]

8 minutes ago, TimHauck said:

So I assume if we go to healthcare.gov now, the prices shown are what they expect to be without the additional funding, correct?  I’ve seen some x posts with ridiculous costs, but I know it will vary depending on the situation

Yes lots of people have been talking about their increased costs.

Employer plans will increase too, that starts next week.  Everyone is gonna be super pissed and trump will get the blame.

[thegeneral 3,565]

The ACA will be replaced by big, beautiful and powerful healthcare. Donald has the working of the plans that he will release in two weeks.

[Fnord 2,500]

My open enrollment starts tomorrow. I've been avoiding looking at how much the premiums are going up. I've heard some chilling numbers tossed around.

[dogcows 1,051]

1 hour ago, thegeneral said:

The ACA will be replaced by big, beautiful and powerful healthcare. Donald has the working of the plans that he will release in two weeks.

Concepts of a plan

[Maximum Overkill 2,410]

17 minutes ago, dogcows said:

Concepts of a plan

Buffalo Girls could use a good dental plan