Americans who purchase insurance through the ACA are bracing for double-digit increases as payers solidify rate proposals for 2018, ABC News reports.
Here's what you should know:
1. Some beneficiaries are comparing the cost of insurance to a mortgage payment. Although some ACA beneficiaries receive subsidies, not all beneficiaries qualify for the payments.
2. ABC speculates that the upcoming healthcare bipartisan hearings could provide some relief, but it would require a bipartisan effort.
3. Rates increased on average around 25 percent in 2017. Analysts expect a similar situation in 2018, but acknowledged President Donald Trump's intent to eliminate the ACA in its entirety could upset the market further.
4. Sen. Lamar Alexander, R-Tenn., said to ABC. "The people who are really getting hammered — they are the ones we need to help. We've got a few weeks to come to consensus in this seven-year-old partisan stalemate and if we don't break it, some people will be priced out and badly hurt."