That's not how averages (in year to year comparisons) work.
If you are tracking the average price of insurance, price spikes will affect the resulting average. If you raise the low end, the average will be, naturally, higher.
If the average for X year is 100, jumps to 140 for Y year and stabilizes in 146 for year X due to inflation, it will show as a spike for year Y in a graph.
But year to year insurance average price graphs don't have that spike.
Look, I have no idea if the ACA bumped prices or not. I don't really care. I was just pointing out that price spikes will be visible on year-to-year comparisons of average prices. Especially if the floor is raised, like you said.
With that said, I need to address this:
A few sources saying the average cost went up 2-6% doesn’t disprove what I’m saying lol
The whole discussion is about you not proving anything; because you haven't posted a single source. A few sources have much more credibility than a dude saying "trust me Bro". If you really want to be right, just back up your claims.
18
u/Kommye 13d ago
That's not how averages (in year to year comparisons) work.
If you are tracking the average price of insurance, price spikes will affect the resulting average. If you raise the low end, the average will be, naturally, higher.
If the average for X year is 100, jumps to 140 for Y year and stabilizes in 146 for year X due to inflation, it will show as a spike for year Y in a graph.
But year to year insurance average price graphs don't have that spike.