[RikaStrom]

My company is a small company (under 50) and in Texas we are mandated by the state on our rates, there is no room for negotiating anything down. We just got our renewal, rates went up 40%, and I didn’t even use my insurance last year.

I spoke with my folks, they also own a small business, their rates are going up 80% because they are getting older.

My broker flat out said that the reason the rates were going up was the insurance companies were trying to recoup their soon-to-be-lost revenue before 2014. It’s exactly what the credit card companies did a little while back. Jack up the rates to get immediate revenue.

Just freaking unreal.

[Lurker]

It suggests that a little-noticed provision of the law could affect far more employers than Congress had assumed.

Bull. They new exactly what they were doing.