Obamacare Premiums Could Rise by 23 Percent Next Year

Premium rates within Obamacare are set to increase in several states next year, with rates in one city predicted to increase by as much as 22.8 percent, according to a recent study.

The study, released by the Kaiser Family Foundation, consists of an analysis of premium rates for the second-lowest-cost silver plan. This plan is used by 68 percent of people currently enrolled in the federal health insurance marketplace.

The study looked at the most readily available data of premium filings from insurers to state insurance departments and includes major cities in 12 states and Washington, D.C. Comprehensive data was not fully available for numerous other states, excluding them from the analysis.

According to the data, nine of the 13 cities included within the study will see an increase in their 2016 premium rates.

Portland, Ore., is predicted to see the biggest jump between this year and next year, increasing by as much as 22.8 percent in 2016. This is not the first time the city has seen a jump in insurance costs: rates spiked by 6.1 percent compared to their 2014 rates.