HHS: Obamacare Premiums Going Up in 2015

Written by David E. Smith

The Associated Press reports that President Barack Obama’s administration has admitted that premiums for health-insurance plans sold on healthcare.gov will increase in 2015. Here’s the AP:

Obama administration officials are acknowledging that HealthCare.gov premiums, on average, will go up next year.

But the same officials say most current customers can still save money if they are willing to shop around a competitive marketplace.

In a report released Thursday, the Health and Human Services Department says premiums for the most popular type of plan will go up an average of 5 percent in 35 states where the federal government is running the health insurance exchanges.

Read the whole report here.