New Mexico, buckle up. Over the next few months, you’ll learn how much your health insurance premiums will go up for next year. The early evidence isn’t good – the percentage increase could be in the double digits.
But that’s nothing compared to what you’ll face in 2017. In May, I released a comprehensive study showing how the Affordable Care Act – otherwise known as Obamacare – will likely play out over the next few years. The diagnosis isn’t good.
First, the short version.
In two years, the ACA’s structural problems will lead to substantial premium increases. Once that happens, New Mexicans will likely leave the insurance market in droves. They’ll have little choice – they won’t be able to afford health insurance because federal subsidies won’t keep up with rapid price increases. Within a decade, this could swell the ranks of the uninsured by nearly 11 percent.