The Congressional Budget Office in a new report released Wednesday says health care premiums on the individual market will post an average increase of 15 percent next year.
According to the report, an expected 10 percent hike in Affordable Care Act premiums will be the direct result of Congress having repealed the individual mandate. Younger, healthier people, the report says, will exit the exchanges without fear of penalty.
Premiums will rise about seven percent year-to-year between 2019-28, the CBO report says.
The number of uninsured is also expected to increase by roughly three million in 2019, too, as a result of the individual mandate repeal.
To read the full CBO report, click here.