Health Secretary Burwell: Obamacare Premiums Will Increase, But So Will Subsidies

 

by Chelsea Bailey 

The top U.S. health official spoke out in defense of Obamacare on Wednesday, saying the looming increase in premium costs are a result of insurers initially under-pricing, and not a sign of a broken healthcare system.

Health and Human Services Secretary Sylvia Burwell defended the Affordable Care Act (ACA), popularly known as Obamacare, during a conversation with Washington Post columnist E.J. Dionne Jr. at Georgetown University.

Burwell said she understands the frustration with the new prices, but insisted that 85 percent of Americans impacted by the increases will be eligible for subsidies so that their coverage remains affordable. 

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Source: NBC News