The new mandates for essential services, unlimited coverage requirements..as well as higher administration costs for starters. Free birth control isn't really free you know.
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February 24, 2012
Candidate Barack Obama promised to lower premiums by up to $2,500 for a typical family per year. Instead, news reports today highlighted significant premium increases, with three states now seeing increases of at least 20 percent. Politico Pro reported, HHS approved premium rate hikes of 26 percent in Alaska, 23.3 percent in Florida and 20.4 percent in Washington state, according to decisions posted on an HHS website. Thats after approving a hike of 18 percent for a Montana insurer in November.
The Obama administration even admits the health care laws mandates are to blame for the premium increases. As Politico reports, The rate increase, HHS explained, was the result of the insurer adjusting to benefit changes required by federal law.
House Energy and Commerce Committee Republicans Press Release :: EXAM ROOM: As Obamacare Mandates Kick In, Insurance Premiums Spike