LBN- Late Breaking News

*STICKER SHOCK! – Obamacare premiums to go up by double digits:

Insurers are raising the 2017 premiums for a popular and significant group of health plans sold through HealthCare.gov by an average of 25 percent, more than triple the increase for this year, according to new government figures.
The spike in average rates for the 38 states that rely on the. The figures serve broadly to confirm what has become evident piecemeal in recent months: Prompted by a burden of unexpectedly sick ACA customers, some insurers are dropping out while many remaining companies are struggling to cover their costs.on Monday federal marketplace created under the Affordable Care Act was announced by federal health officials
In disclosing the 2017 rates, officials played down the impact of higher prices on consumers. They said that more than eight in 10 consumers will qualify for ACA subsidies that will cushion them from sticker shock. And they noted that as premiums go up, more Americans will be eligible for the tax credits.

LBN E-Lert Edited By Addison Beaulieu

LBN E-Lert Disclaimer: 1.) The LBN E-Lert accepts no liability for the content of this email, or for the consequences of any actions taken on the basis of the information provided. The LBN E-Lert is not associated with any commercial or political organization and is transmitted via the web for the sole benefit of its subscribers. 2.) Unfortunately, computer viruses can be transmitted via email. The recipient should check this mail and any attachments for the presence of viruses.