Rising Obamacare Premiums Amid Shutdown Uncertainties
As the ongoing government shutdown enters its fourth week, Americans are getting their first look at the 2026 prices for Obamacare, with many facing significant premium increases. Reports indicate that average costs for health insurance could jump by as much as 26%, with states like Illinois potentially seeing hikes of up to 78% if subsidies expire. The plight of millions is compounded as Democrats and Republicans clash over the extension of enhanced tax credits, which could help stabilize these costs. Without federal intervention, residents in places like Kentucky and California are bracing for steep premium increases, with some estimates suggesting increases as high as 175%. GOP leaders are aware of growing voter dissatisfaction over rising health care costs but seem divided on a cohesive plan to address the situation, complicating the effort to reach a resolution before open enrollment begins.
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