Rising Obamacare premiums and disappearing subsidies mean that millions of consumers will soon have to pay significantly more for their health insurance. Fortunately, President Trump already ran a six-year test that demonstrated that restoring the freedom to choose non-Obamacare plans can provide access to quality, affordable coverage without destabilizing Obamacare — or expanding it, as some Senate Republicans propose.
Come January, 24 million Obamacare enrollees will see their premiums rise an average of 26 percent. Of those, 22 million will simultaneously see their premium subsidies shrink or disappear. Middle-income enrollees currently paying, for example, 0 to 10 percent of an already excessive premium may have to pay 10 to 20 percent of an even larger premium. Many wealthy enrollees will have to pay 100 percent of the new, larger premium.
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