Obamacare premiums to increase 25 percent in 2017 – White House

‘The Obama administration today confirmed that the president’s signature healthcare plan will see a double-digit spike in prices of premiums next year. Many Americans covered under the so-called “Obamacare” will be down to just one insurer.
Before taxpayer-provided subsidies, monthly premiums for mid-level health plans will rise by an average of 25 percent across the 39 states that use the HealthCare.gov website, reports the Associated Press. The exchange was created by the 2010 Affordable Care Act, mandating the purchase of health insurance.
Not only that, but consumers will have fewer options to choose from, as the number of HealthCare.gov insurers will drop from 323 in 2016, to 167 in 2017.’
Read more: Obamacare premiums to increase 25 percent in 2017 – White House