Cost of Obamacare Plans to Rise as Much as 70% in 2016

The cost of Obamacare is turning out to be higher than all but a few critics had anticipated. Health insurance companies have submitted their Obamacare rate proposals for 2016, and many requests are for increases in the double digits. It wasn't supposed to be this way. In fact, the supporters of the Affordable Care Act promised that insurance rates would go down, not up. Here's why things aren't working out as expected... Tags: Affordable care act , cost of obamacare , Obamacare costs , Obamacare rate hike , Obamacare rate increases , Obamacare rates To get full access to all Money Morning content, click here About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free . Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors. Disclaimer: © 2015 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201. The post Cost of Obamacare Plans to Rise as Much as 70% in 2016 appeared first on Money Morning - We Make Investing Profitable .