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Expert explains surging health insurance premiums

CBS America · Recent
CBS America
CBS America
Recent

As the government shutdown extends into its 29th day, Americans who depend on coverage through the Affordable Care Act are getting their first look at the health care sticker shock, with the average cost of premiums jumping 26%, according to KFF.

Breakdown
  • ACA health insurance premiums are increasing by an average of 26%. 11s
  • If enhanced tax credits are not extended, premiums could rise by 114%. 39s
  • Rising healthcare costs and increased use of new drugs are driving premiums up. 1m 24s
  • 22 million of 24 million ACA enrollees receive tax credits to help pay premiums. 3m 9s
  • Nearly 4 million people could lose health insurance if tax credits expire. 3m 59s
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