The insurance industry is in crisis.
Insurers have gone bankrupt or are in bankruptcy in a record number of states.
The collapse of insurance companies, which have been the backbone of America’s economy since World War II, has left the market in tatters and led to the biggest price hikes in recent memory.
Insurance companies are struggling to pay out to insurers because of low rates.
And with the cost of living so high in some parts of the country, companies have been forced to cut back on services.
The American Medical Association (AMA) has declared states with the highest premium increases in 2017 to be in the worst shape they’ve been in years.
That’s not surprising.
The AMA’s latest report on the nation’s health insurance market, published in March, found that the average price for an individual with coverage through a private insurer was $7,735.
That is up $6,566 from the previous year.
The group estimates that nearly a quarter of the nation is now in the middle of a premium crisis.
The average premium for a family of four is $12,974, up $2,942 from last year.
And premiums have been rising faster than inflation.
The AMA expects average premiums for a single adult to rise by 4.9 percent in 2017, to $20,624.
The median family premium is $26,894.
The group says premiums are expected to continue to rise, and that premiums for children will continue to grow faster than adults.
The report also says that in the 11 states that have imposed high-risk pools, insurers have been able to recover the costs for the pools, which typically are run by government entities.
These pools are funded through tax credits and other federal aid, the report says.
The problem is, in some states, insurers are not allowed to offer any sort of risk pool coverage to the people who enroll.
The rise in health care costs has prompted the Trump administration to ask Congress to set up a “safety net” to provide a cushion to those in need of insurance.
But that proposal, which was initially opposed by President Donald Trump, has been put on hold.
It’s still unclear whether the Trump White House is planning to follow through with the plan to provide subsidies for people who buy insurance on the individual market, a plan that would also allow the government to provide some form of coverage to those who qualify.
That would require Congressional approval.
If the administration is able to find a solution that can address this crisis, the nation could have the most expensive health care system in the world, the AMA said.
The White House has suggested that the cost will go up over time.
The White House did not immediately respond to a request for comment.
The Obama administration also created a safety net in 2016 for those who purchase insurance on federal exchanges and other government-run marketplaces.
The Obama administration estimated that it could provide subsidies to more than 20 million people through this program.
However, it did not go further than to offer subsidies for those with pre-existing conditions.
Trump has said he will expand this safety net, but has not yet made a firm commitment to do so.
The new White House report says the administration has no plans to do that.
The Trump administration has also indicated it will seek to impose new federal regulations that would force insurers to provide more comprehensive coverage, such as coverage for mental health.
That was the plan of one of the main architects of the Affordable Care Act, former President Barack Obama.