Obamacare Now Benefiting From an Amazing Life Spiral


Courtesy of the Kaiser Family Foundation, here’s a cheerier chart for this morning. It shows the projected premium increases under Obamacare, and it’s really pretty amazing. After years of double-digit increases, next year will bring an average decrease in premiums of 0.8 percent.

That’s genuinely stunning. It’s possible, of course, that the precise number might change as more states report on next year’s premiums, but the trend in the chart is pretty clear: a few small states show sizeable rate increases, but large states (or, more accurately, large cities) all show fairly small changes. It’s not surprising that small states are the ones that tend to show higher variation, but they’re also the ones that don’t affect the overall averages very much. So it seems likely that once all the states have reported in, the overall change in premium levels will be very close to zero.

Paul Krugman calls this part of Obamacare’s “life spiral.” In other words, it’s exactly the opposite of the dreaded death spiral that every conservative in the country has been banging the drum about for years. Basically, as good news accumulates, it breeds more good news. As Krugman puts it, success feeds success. And that’s true. The news about Obamacare has been almost uniformly positive for months. There are still plenty of small problems here and there—most of which could be solved if Republicans would allow it—and the refusal of so many red states to adopt Obamacare’s Medicaid expansion is truly a scandal. Nonetheless, it’s clear that Obamacare is basically a success. There’s nothing much that’s likely to change that now.

SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

Truth #4: When we go to work, we're in the fight.

Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

And if you think journalism like Mother Jones'—that calls it like it is, that will never acquiesce to power, that looks where others don't—can help guide us through this historic, high-stakes moment, and you're able to right now, please help us reach our $350,000 goal by October 31 with a donation today. It's all hands on deck for democracy.

payment methods

SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

Truth #4: When we go to work, we're in the fight.

Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

And if you think journalism like Mother Jones'—that calls it like it is, that will never acquiesce to power, that looks where others don't—can help guide us through this historic, high-stakes moment, and you're able to right now, please help us reach our $350,000 goal by October 31 with a donation today. It's all hands on deck for democracy.

payment methods

We Recommend

Latest

Sign up for our free newsletter

Subscribe to the Mother Jones Daily to have our top stories delivered directly to your inbox.

Get our award-winning magazine

Save big on a full year of investigations, ideas, and insights.

Subscribe

Support our journalism

Help Mother Jones' reporters dig deep with a tax-deductible donation.

Donate