Thank You Obamacare – California Health Insurance Costs Spike Up To 88% In 2014

Wednesday, July 30, 2014
By Paul Martin

by Tyler Durden
ZeroHedge.com
07/30/2014

If you like your disposable income… forget it. Health-care insurance premiums for individuals in California rose between 22% and 88% in 2014 from last year, even after the federal health-care overhaul. This has led, as Bloomberg reports, to Proposition 45 – a bill that would grant regulatory say on proposed premium increases. “Unless Proposition 45 is passed we are going to continue to see dramatic year-over-year increases,” warned Insurance Commissioner Dave Jones.

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