- May 29, 2009
- Reaction score
- Political Leaning
Insurers Pin Rate Hikes on Health Law - WSJ.com
Health insurance companies state that the are raising rates specifically because of the additional benefits required by Obamacare - which some people here have inexplicably continued to deny and I am sure still will. Add those increases in with the normal increase of health care (which I don't expect to decrease in the future as the dems promised) and premiums are expected to increase about 20% for most of the affected plans.Health insurers say they plan to raise premiums for some Americans as a direct result of the health overhaul in coming weeks, complicating Democrats' efforts to trumpet their signature achievement before the midterm elections.
Aetna Inc., some BlueCross BlueShield plans and other smaller carriers have asked for premium increases of between 1% and 9% to pay for extra benefits required under the law, according to filings with state regulators.
These and other insurers say Congress's landmark refashioning of U.S. health coverage, which passed in March after a brutal fight, is causing them to pass on more costs to consumers than Democrats predicted.