By Drew Gonshorowski at The Daily Signal

March 21, 2016

On the third year of the Affordable Care Act exchanges, it is becoming more apparent that the promises of cost-saving and premium reduction may be reserved only for people who are able to capture the most subsidies.

Exchange premiums are climbing all over the country. For example, plans increased rates by 25.1 percent in Kentucky, 14 percent in Ohio, and nearly 11 percent in Michigan. In Idaho, the largest insurer, Blue Cross of Idaho, had a rate increase of 23 percent. Some plans, as in the case of New Mexico, had to pull from the exchanges due to high costs. For the country as a whole, through modeling at The Heritage Foundation, we estimate that a premium increase of roughly 15 percent is in order for 2016.

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