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In a report not yet fully released, the Obama administration on Monday conceded that health care premiums for 2016 under the Affordable Care Act (ACA) will rise pretty much across the board.
For instance, the premium for the midrange "silver plan" will rise on average 7.5 percent, while for 60 percent of all enrollees, covering all plans, there will be an average 6.3 percent increase, according to a report in today's Wall Street Journal.
Still, the administration says that seven in 10 returning consumers will be able to purchase a plan for $75 or less monthly when subsidies are factored in.
Some states will double-digit spikes for silver plans, according to the report: 31.5 percent in Alaska, 22.9 percent in Oregon, and 35.7 percent in Oklahoma.
For the full story on how the Affordable Care Act (ACA, or Obamacare) affects your business, no matter how large or small, please obtain a copy of our comprehensive yet easy-to-follow Affordable Care Act Compliance Kit.
October 27, 2015
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