Rate hikes are likely on the way for plans offered on online insurance exchanges, or marketplaces, created by the Patient Protection and Affordable Care Act (PACA), according to a report from Kaiser Health News (KHN). Consumers’ out-of-pocket costs are expected to climb, and some major insurers have already pulled out.
In a statement to the press, Health and Human Services Secretary Sylvia Burwell acknowledged that the PPACA’s fourth enrollment season, scheduled to begin on November 1 and run until January 31, is a pivotal time for President Obama’s signature domestic policy achievement.