ObamaCare Premiums, Penalties Rising as Open Enrollment Begins

Most ObamaCare customers will find they have to pay more for coverage in 2016 than they did this year, as they begin to select health insurance plans this weekend.

Premiums, as well as penalties for not buying insurance, are going up next year as the administration lowers expectations for overall enrollment.

The "silver plan," the second-cheapest available on the federal exchange, will cost on average 7.5 percent more next year, the Department of Health and Human Services announced.

By: Rich Edson