Why are health insurance costs rising?

The Affordable Care Act has had a very uncertain future since the new administration took charge. Not a week goes by that we hear another Republican trying to finally be the one to repeal and replace.

What affect has this uncertain future had? Many believe it has caused prices to sky rocket.

The Trump administration’s secretary of health and human services, Alex M. Azar II, denies this observation by saying “there’s no incentive for insurance companies to in any way contain their cost increases” because federal subsidies generally rise along with premiums. Those prices are going to go up, and, absent statutory change, there’s little we can do to stop that premium increase because the subsidies chase those premiums”.

Whatever the cause, we know this: health insurance is getting more expensive. What can be done to stop this?

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