OBAMACARE RATE SHOCK, NY Edition

Comment: Hi, unAffordable Care Act calling, 2014. Can you afford me now?  2015 – Can you still afford me NOW?  2016 – Hold on a sec, here’s another hike.  How about NOW?

“ALBANY – Health insurers in New York are seeking an average 13.5 percent rate increase in 2016, saying the state has wrongly lowered their requests for premium hikes in recent years.”

“The 18 insurers requested the 13.5 percent increase for individual policyholders and 14.3 percent for small-group policies, the state Department of Financial Services, which oversees the industry, said on Tuesday.”

NY health insurers seek 13.5% increase in 2016
Joseph Spector 6:44 p.m. EDT June 2, 2015

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