Why Obamacare Is Getting More Expensive for Millions of Americans
Summary
Millions of Americans who buy health insurance through the Affordable Care Act (ACA) marketplaces face large price increases in 2027. Rising medical costs, expensive new drugs, labor shortages, and the end of certain government subsidies are driving these higher premiums and causing fewer people to enroll.Key Facts
- Health insurers want an average premium increase of 14% for ACA plans in 2027.
- Some proposed increases are over 20%, following an 18% median increase in 2026.
- The cost of medical care and prescription drugs grew 10% last year, faster than usual.
- New, costly drugs like Ozempic and Wegovy for diabetes and obesity are increasing insurer spending.
- Shortages of doctors and nurses add to healthcare costs, raising insurance premiums.
- Federal subsidies that helped many Americans pay for ACA plans are ending after 2025.
- Without these subsidies, fewer people are signing up, and healthier people may be dropping coverage.
- Insurers say the remaining enrollees tend to have more expensive health needs, pushing premiums higher.
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