Yep, Qualified Health Plans in the individual market are seeing roughly a 25% price hike year over year. For people who are buying on Exchange, the vast majority of that price hike will be hidden if they are being subsidized and if they are willing to switch plans. For people who are buying off-Exchange or don’t qualify for subsidies, they are screwed.
But let’s get some context here.
— Charles GHOULba ? (@charles_gaba) October 26, 2016
Most people get their insurance through either a government program (Medicare, Medicaid, CHIP, VA, IHS etc) or through work. Employer based coverage looks like it is increasing by 5% to 6% this year.
The rest of the market is fairly stable and predictable with few major policy shocks to it. The QHP market is still not stable and still not predictable as the ramifications of major policy shocks are still reverberating.
Is it a problem. Hell yes. Is it a widespread problem. Hell no.