It’s that time of year again. Time for vibrant fall colors, cool crisp morning air, and open enrollment in the Affordable Care Act (ACA) insurance exchanges—the government-regulated, state-based healthcare plans set up as part of the act. Since the ACA’s first open enrollment period in the fall of 2013, millions of Americans have opted-in to the government healthcare plan otherwise known as Obamacare. This year, however, represents a tipping point for the future direction of socialized healthcare in the United States.
Starting on November 1, those forced to turn to the federal government for healthcare coverage will experience a significant sticker shock. According to statistics released by ACASignUps.net, a tracker of ACA enrollment, unsubsidized healthcare premiums in Obamacare are expected to rise nationally by an average of 25 percent in 2017, with some states seeing increases of more than 50 percent. In addition to premium increases, Americans who select healthcare coverage through the ACA exchanges will also see significant increases in their plan deductibles—the out-of-pocket expenses prior to insurance coverage kicking in.
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