Voters face double-digit health premium hikes weeks before November election as plans are clobbered by Obamacare
The health law has been a financial drain for many companies; they’re setting the stage for 2017 hikes that could reach well into the double digits
Many buyers won’t know their actual premiums until Nov. 1, when open enrollment begins, a week before the general election
More than 12 million people nationwide get coverage though the health law’s subsidized markets
Increases could also affect millions of Americans who purchase individual policies outside the government system
FRANCESCA CHAMBERS, WHITE HOUSE CORRESPONDENT
DAILYMAIL.COM
2 May 2016
Insurers will seek significant premium hikes under President Barack Obama’s health care law this summer – stiff medicine for consumers and voters ahead of November’s election.
Expect the state-by-state premium requests to reflect what insurers see as the bottom line: The health law has been a financial drain for many companies.
They’re setting the stage for 2017 hikes that could reach well into the double digits.
For example, in Virginia, a state that reports early, nine insurers returning to the HealthCare.gov marketplace are seeking average premium increases that range from 9.4 percent to 37.1 percent.
Those initial estimates filed with the state may change. Many buyers won’t know their actual premiums until Nov. 1, when open enrollment in the government-manged health programs begins anew. That’s a week before the general election.
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