Next Up For Exploding Health Insurance Premiums: New York
by Tyler Durden
ZeroHedge.com
05/24/2016
When we warned recently that thanks to Obamacare, insurance companies would be unveiling significant price shocks one week before the presidential elections, we knew it was only a matter of time before the 2017 proposals would start to be released and double digit increases would be unveiled to the public. Sure enough, we were proven right when the first two states to release proposals, Oregon and Virginia, showed that insurers were indeed asking for significant double digit increases. Now, another state has made the 2017 proposals public, and the results aren’t any better. In New York, health insurers have proposed an average 17.3 percent increase for individuals, and an average 12 percent increase for small groups.
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