Obamacare sticker shock: Three factors pushing premiums to record highs
Fox News
Healthcare premiums could surge 114% for subsidized enrollees if Congress fails to extend expiring ACA subsidies, according to Kaiser Family Foundation analysis.
Diana Stancy is a politics reporter with Fox News Digital covering the White House.
But the potential lapse in government subsidies, which seek to lower monthly payments for patients, isn't the only reason for rising premium prices. At the crux of the issue is that the ACA’s foundation includes several inflationary provisions that are driving up healthcare costs, according to experts.
"Obamacare does more to increase prices," Michael Cannon, director of health policy studies at the Washington-based libertarian-leaning Cato Institute think tank, told Fox News Digital Monday. "It increases prices on healthy people by requiring them to pay double or triple what they should have to pay for health insurance, and it requires everybody who enrolls in Obamacare to buy more comprehensive coverage than they probably would if you gave them the money."
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