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Obama administration confirms double-digit premium hikes

October 26, 2016

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Premiums will go up sharply next year under President Barack Obama’s healthcare law, and many consumers will be down to just one insurer, the administration confirmed Monday. That’s sure to stoke another “Obamacare” controversy days before a presidential election.

Before taxpayer-provided subsidies, premiums for a midlevel benchmark plan will increase an average of 25 percent across the 39 states served by the federally run online market, according to a report from HHS.

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