Obamacare Launch Failure Looms, Insurance Premiums to Spike 30-40%

“The invaluable Robert Laszweski:  On average, expect a 30% to 40% increase in the baseline cost of individual health insurance to account for the new premium taxes, reinsurance costs, benefit mandate increases, and underwriting reforms… In states with the least mandates or for health insurance companies with the tightest underwriting now, the increase could be a lot more…  [E]xpect individual health insurance rates for people in their 20s and early 30s to about double…

[Also from Laszweski]:  “the Obama administration has a complete lid on just where they are on health insurance exchanges and haven’t shown any willingness to want to talk about their progress toward launching on time––except to tell us all not to worry. The Republicans said this would not work. If it does not launch on time, or does with serious problems, I would not want to be an incumbent Democrat.”

Laszewski on ObamaCare: ‘Get Ready for Some Startling Rate Increases’

Posted by Michael F. Cannon



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