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Many will pay less for 'ObamaCare' this year

WASHINGTON — Consumers getting financial assistance under former President Barack Obama’s health care law will pay lower premiums this year, even though the “list price” for their health insurance shot up.

That odd result is reflected in a report issued Tuesday by the Trump administration.

After federal aid, the average monthly premium paid by subsidized customers on HealthCare.gov is dropping to $89 from last year’s $106. That’s a 16 percent savings even though the “list price” premium went up about 30 percent, now averaging $639 for subsidized customers.

The bottom line is counterintuitive, but it shows how “ObamaCare” subsidies cushion consumers from rising premiums.

Seema Verma, head of the Centers for Medicare and Medicaid Services, says more affordable health care options are needed for people who aren’t eligible for the Affordable Care Act’s income-based financial assistance.

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