OK. Yes, this is bad. The Obama administration is being disingenuous if it tries to spin it any other way. And, as has been clear for several months, this hands Hillary a “nasty” issue (pun intended).
The “this,” of course, is the administration’s announcement on Oct. 24—after weeks of speculation and anticipation—that premiums in the exchanges will rise by an average 22% for 2017 coverage (if both state- and federally-run exchanges are included in the count.)
Despite the fact that tax subsidies will significantly soften the blow for the vast majority of people buying health insurance in the exchanges, millions of families will still be adversely affected.
Specifically, about 2 million people who will buy coverage through the exchanges in 2017 will not get subsidies because their incomes are too high. You could argue: hey, they can afford it. But it’s still a pretty big hit when your monthly premium goes from $500 a month to $625.