Let’s look at these three excerpts from a Hill article on likely Obamacare premium hikes.
- “The insurance official, who hails from a populous swing state, said his company expects to triple its rates next year on the ObamaCare exchange.”
- “In Iowa, which hosts the first presidential caucus in the nation and has a competitive Senate race this year, rates are expected to rise 100 percent on the exchange and by double digits on the larger, employer-based market, according to a recent article in the Business Record.”
- “Jon Gruber, who also helped design the Affordable Care Act, said, “The bottom line is that we just don’t know. Premiums were rising 7 to 10 percent a year before the law. So the question is whether we will see a continuation of that sort of single digit increase, as Sebelius said, or whether it will be larger.””
Continue reading Get ready for #obamacare premium increases. Or possibly ‘brace for impact.’