Some Obamacare rates rise 25% as exchange opens for shopping

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The federal exchange for insurance policies opened for consumer browsing on Monday. However, there are some worrying changes to the exchange this year. Federal regulators warn that insurance premiums may rise by up to 25%, and that many consumers will only have one insurance option available. The federal exchange healthcare.gov handles insurance for individuals in 38 states that don’t have their own exchanges. On average, consumers will have over 30 plans to choose from, which is more than the choices faced by people getting insurance from their employer. In addition, while premiums are rising, tax credits should make it possible for most to pay less than $100 a month for insurance, and some who didn’t receive tax credits in the past may be eligible now.

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Some Obamacare rates rise 25% as exchange opens for shopping

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