If you liked the Obamacare plan you bought last year, you can probably keep it, but it will likely cost you more this time around.
According to data unveiled by the Obama administration on Friday night shortly before the health insurance marketplace opened enrollment for 2015, costs for some recipients could go up as much as 20 percent unless they switch to a lower-cost plan, reports The New York Times.
Typically, price increases will be around 5 percent for the least-expensive silver-level plan and 4 percent for the second-cheapest, according to the pricing data released by The Centers for Medicare and Medicaid Services.
Marilyn Tavenner, administrator for the Centers for Medicare and Medicaid Services, advised customers to shop around, as there are many new options this year and they are “likely to find a better deal.”
However, Republican critics were quick to jump on the new data, including Utah Sen. Orrin Hatch, who is in line to become the next chairman of the Senate Finance Committee.