Health Insurance Costs in Florida
Florida is facing a significant increase in health insurance costs due to the congressional deadlock over Obamacare tax credits.
Average rate increases of 34% are expected for 4.7 million residents, with 2.2 million potentially being priced out of coverage.
- 20 private insurance companies are seeking rate increases in the Affordable Care Act marketplace.
- The cost spike is a result of the expected end of premium tax credits at the end of the year.
Congress' fight over the future of Obamacare tax credits casts a long shadow in Florida.
Florida leads the nation in the number of residents covered by Obamacare, with close to half potentially losing coverage.
Author's summary: Florida faces soaring health insurance costs.