10.25.16

Capito Statement on Double-Digit Obamacare Rate Increases

WASHINGTON, D.C. – U.S. Senator Shelley Moore Capito (R-W.Va.) released the following statement regarding the double-digit rate increase for health insurance under Obamacare:

“The sharp increase in health insurance rates is further proof that Obamacare is failing to deliver what it promised: affordable, quality health care. Families in West Virginia and across the country that are already struggling to make ends meet and those living on fixed incomes simply cannot afford to pay hundreds of dollars more per month with this double-digit increase. Yet, these hard-working Americans are stuck footing the bill for this broken law. It’s time to revisit the many problems with Obamacare and pursue reforms that actually deliver the affordable care all Americans deserve.”

According to the Department of Health and Human Services, the average monthly Obamacare premiums for the second-lowest cost silver plans for a 27-year old in West Virginia will increase by 32 percent in 2017. West Virginia’s benchmark increase is even higher than the national average increase of 25 percent for 2017, and significantly higher than the benchmark national increases of 7.5 percent for 2016 and 2 percent in 2015.

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