90,000 Plans at Risk, Crushing Low-Wage Workers
“Local insurance brokers are reporting spikes ranging from 35 percent to 120 percent on policies that renew from July to December”
“[...] The changes put as many as 90,000 policies across Nevada at risk of cancellation or nonrenewal this fall, said Las Vegas insurance broker William Wright, president of Chamber Insurance and Benefits. That’s more than three times the 25,000 enrollees affected in October, when Obamacare-compliant plans first hit the market.
[...] moderately skilled or low-skilled people making $8 to $14 an hour [...] could lose work-based coverage because the plans cost so much relative to salaries.”
Own a small business? Brace for Obamacare pain
By JENNIFER ROBISON
LAS VEGAS REVIEW-JOURNAL, May 3, 2014