Health care may pinch a little more out of your wallet in 2017- but it likely won't be a problem for the majority of Americans.
Obamacare health plan premiums are expected to increase by 22 percent on average, according a
U.S. Department of Human Health and Services (HHS) report released Monday.
The report also found a decrease in insurance issuers from 298 in 2016, to 228 in 2017, making it a less competitive market.
But for many, the price hikes will be relieved by federal subsidies, since 84 percent of Obamacare purchases receive financial aid, according to the report.
The marketplace also offers tax credits for majority of people who enroll in Obamacare, which also helps cover premium costs so many under the Affordable Health Care Act (ACA) will see minimal rate increases.
Most Americans won't be affected by Obamacare premium increase