Obamacare Premium Update

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Charles Gaba has been diligently tracking requests for 2019 Obamacare premium hikes, and he’s got good news and bad news. The good news is that insurance companies are requesting lower rates this year. If things were normal, rates would be going down about 5 percent next year.

The bad news is that things aren’t normal. Republicans have been busily sabotaging Obamacare as best they can, partly by refusing to pay Cost Sharing Reduction payments and partly by eliminating the tax fine for not being covered. Insurance companies have to account for these uncertainties, and as a result the average premium request is about 4 percent higher than last year.

So there you have it. We could have had a 5 percent cut, but thanks to the endless Republican bitterness toward Obamacare, we’re getting a 4 percent increase instead. For those of you who are my age and aren’t receiving subsidies, that’s a difference of about $1,000 or so per year. Be sure to thank the Republican Party when you write the check.

For those of you who do receive subsidies, nothing much should change either way. Your premium will max out at a percentage of your income, and that’s that. Drink a toast to the Democratic Party when you write your check.

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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.

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