URGENT UPDATE: Premiums for health insurance under Obamacare are set to skyrocket by an astonishing 26% in 2026, according to preliminary data released by the Kaiser Family Foundation. This alarming increase impacts approximately 24 million Americans who rely on the Affordable Care Act (ACA) for their coverage.
The open enrollment period for 2026 begins on November 1 and runs through January 15, 2026. However, the federal website Healthcare.gov has already opened its doors for a “window shopping” period, allowing current policyholders to gauge their potential costs for next year.
For instance, a 61-year-old woman in Oregon shared her experience with The New York Times, revealing her monthly premium will soar from $439 in 2025 to a staggering $1,059 in 2026, coupled with a deductible of $7,100.
In a press release issued on Tuesday, the Centers for Medicare & Medicaid Services (CMS), led by Dr. Mehmet Oz, attempted to mitigate concerns over the rising costs. The agency claimed many consumers could still find plans for $50 or less per month, though these typically come with high deductibles.
During a press conference on Wednesday, Oz raised eyebrows by questioning the legitimacy of coverage for many on Obamacare. “Half of the people on Obamacare haven’t filed a claim all year,” he stated, prompting confusion about the motivations of millions who have not utilized their insurance.
Experts warn that one significant reason for the projected increase in premiums is the impending expiration of federal tax credits unless Congress intervenes. Unfortunately, bipartisan negotiations appear stalled, as Republicans and Democrats remain at an impasse regarding the continuation of these crucial credits. This legislative gridlock is compounded by the ongoing government shutdown, which has persisted since October 1.
The political stalemate leaves millions of Americans in a precarious position, facing soaring health care costs without clear solutions in sight. As the situation develops, consumers are urged to explore their options carefully during the open enrollment period.
The urgency of this issue cannot be overstated—higher premiums could significantly impact the financial stability of countless families. With the clock ticking towards the enrollment deadline, it is crucial for consumers to stay informed and prepared as new developments unfold.
Stay tuned for updates as this story develops and the implications for millions of Americans become clearer.
