Friday, May 31, 2013

ObamaCare To INCREASE Individual Health Insurance Premiums By 64-146%

One of the most serious flaws with Obamacare is that its blizzard of regulations and mandates drives up the cost of insurance for people who buy it on their own.

This problem will be especially acute when the law's main provisions kick in on January 1, 2014, leading many to worry about health insurance "rate shock."

[…]

Angela Braly, then-CEO of WellPoint, testified before Congress about allegations that its California unit, Anthem Blue Cross, was raising premiums on some customers by more than 30 percent.

Last week, California announced that the Affordable Care Act would increase non-group insurance premiums by as much as 146 percent.

http://www.forbes.com/sites/theapothecary/2013/05/30/rate-shock-in-california-obamacare-to-increase-individual-insurance-premiums-by-64-146/

1 comments:

Concrete Jungle said...

Our's went up 26% last year and 47% this year, to help ease us into it...

That's not to mention that we're healthy, have an HSA (so we pay the first $11k in medical expenses every year, which is much more than we spend on healthcare).