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Obamacare rates rise in markets unsettled by Trump

President Trump, who has repeatedly called the law a failure, has fostered doubt over how the federal government will run the ACAs individual markets.

By Zachary Tracer and Anna Edney, John Tozzi | Updated on September 28, 2017
About 83 percent of the 12.2 million people who picked ACA plans for this year got subsidies to help them afford coverage. (Photo: Shutterstock)

A day after Republicans failed yet again to repeal Obamacare, confusion sowed by President Donald Trump’s opposition to the law is roiling the health-insurance market. 

In many states, insurers faced a deadline of Wednesday to lock in their rates for next year under the Affordable Care Act, and some are announcing double-digit increases. Florida said Tuesday that most of its 45 percent average increase in premiums stems from the risk that the Trump administration will skip cost-sharing payments that reimburse insurers for lowering rates. Anthem Inc. said it would exit Maine, the latest state withdrawal for the one-time Obamacare stalwart.

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