Obamacare prices are set to spike – here's why

Obamacare premiums are projected to increase significantly for approximately 24 million Americans enrolled in ACA plans starting next year. This rise is attributed to several factors, including escalating hospital costs and the increasing use of expensive GLP-1 drugs like Ozempic. Additionally, the potential expiration of enhanced premium tax credits, which were temporarily boosted during the COVID-19 pandemic and are currently extended through the end of 2025 by the Inflation Reduction Act, is a major driver of these upcoming price hikes. The debate over extending these enhanced subsidies is a central point in the ongoing federal government shutdown. Without the extension, indiv... download the app to read more