I didnt need the WSJ to tell me health insurance premiums are going way up. I have Blue Cross/Blue Shield. My policy this year was a little over $600/mo. I just got notice that it is going to over $800/mo next year. Since I have never seen rates go down, only up, I wonder how long it will be before I am priced out of the market for health insurance. I am not the only one either. SO we will end up with many many more people figuring it is cheaper to pay the penalty than buy health insurance. Result: Many more uninsureds. Another Democrat success story! Nice going, guys! And yes, we had increases before this, but nothing like this kind of jump.
Health Insurers Seek Hefty Rate Boosts - WSJ
Parts of Obamacare have been delayed and it won't fully hit until Obama leaves office (by design).
But the premium increases with higher deductibles are already here :
Major insurers in some states are proposing hefty rate boosts for plans sold under the federal health law, setting the stage for an intense debate this summer over the law’s impact.
In New Mexico, market leader Health Care Service Corp. is asking for an average jump of 51.6% in premiums for 2016.
The biggest insurer in Tennessee, BlueCross BlueShield of Tennessee, has requested an average 36.3% increase. In Maryland, market leader CareFirst BlueCross BlueShield wants to raise rates 30.4% across its products.
Moda Health, the largest insurer on the Oregon health exchange, seeks an average boost of around 25%.
All of them cite high medical costs incurred by people newly enrolled under the Affordable Care Act.
Insurers say their proposed rates reflect the revenue they need to pay claims, now that they have had time to analyze their experience with the law’s requirement that they offer the same rates to everyone—regardless of medical history.
Health Insurers Seek Hefty Rate Boosts - WSJ
Parts of Obamacare have been delayed and it won't fully hit until Obama leaves office (by design).
But the premium increases with higher deductibles are already here :
Major insurers in some states are proposing hefty rate boosts for plans sold under the federal health law, setting the stage for an intense debate this summer over the law’s impact.
In New Mexico, market leader Health Care Service Corp. is asking for an average jump of 51.6% in premiums for 2016.
The biggest insurer in Tennessee, BlueCross BlueShield of Tennessee, has requested an average 36.3% increase. In Maryland, market leader CareFirst BlueCross BlueShield wants to raise rates 30.4% across its products.
Moda Health, the largest insurer on the Oregon health exchange, seeks an average boost of around 25%.
All of them cite high medical costs incurred by people newly enrolled under the Affordable Care Act.
Insurers say their proposed rates reflect the revenue they need to pay claims, now that they have had time to analyze their experience with the law’s requirement that they offer the same rates to everyone—regardless of medical history.