Insurance premiums across the U.S. rose at the fastest pace in more than three years as President Donald Trump and Republican leaders failed to deliver on their promise to overhaul the nation’s health insurance system, according to an analysis released Tuesday.
The report, from the nonpartisan Congressional Budget Office, found that the cost of insurance in 2017 rose by 1.6 percent, compared to 2016, when the rate was 2.3 percent.
The increase was smaller than the 3.5 percent increase that was predicted by the Trump administration and many economists, who predicted a rise of 3.8 percent.
The nonpartisan report, which uses different methods than previous reports on insurance costs, found no significant improvement in the affordability of insurance, and said that the law remains vulnerable to a repeat of the 2016 meltdown.
It also said that insurers are still spending more than they earn.
In the 12 months ending in March, average out-of-pocket expenses for a person with employer-sponsored health insurance rose to $5,077.
But that amount fell to $3,066 in 2019, according the CBO.
That contrasts with the 9.3 million more Americans covered by the ACA than were uninsured last year, according in a separate report by the Kaiser Family Foundation, which looked at the costs of coverage.
The CBO report did not examine how many Americans would qualify for tax credits or subsidies that would lower out- of-pocket costs.
The program was designed to help people buy health insurance without charging them premiums, but it has proven to be particularly popular with the poor and disabled, who tend to pay higher premiums than others.
In a tweet Monday, White House press secretary Sarah Huckabee Sanders said that “President Trump is trying to rip off the American people.”
Sanders did not address the report’s findings on Monday.