Saturday, May 23, 2015

Obamacare Schadenfreude Inflation

Health Insurers Seek Hefty Rate Boosts
Major insurers in some states are proposing hefty rate boosts for plans sold under the federal health law, setting the stage for an intense debate this summer over the law’s impact.

In New Mexico, market leader Health Care Service Corp. is asking for an average jump of 51.6% in premiums for 2016. The biggest insurer in Tennessee, BlueCross BlueShield of Tennessee, has requested an average 36.3% increase. In Maryland, market leader CareFirst BlueCross BlueShield wants to raise rates 30.4% across its products. Moda Health, the largest insurer on the Oregon health exchange, seeks an average boost of around 25%.

All of them cite high medical costs incurred by people newly enrolled under the Affordable Care Act.
Weren't we supposed to be saving $2500 per family? Don't say you weren't warned that it was a lie.

Full article at Wall Street Journal behind paywall. To defeat paywall, copy the article title and search in Google.

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