At the moment, the prices are, or will be market based. The simple formula is that the companies may only keep 15 cents out of every dollar.- However, all the unfunded mandates forced on the companies will increase your rates every year. Since its inception, the rates have increased in California at a minimum of 20%.
The simple way to figure your rates is to take the current premium you are paying and add 20% to it every year until 2014. Then the premiums should effective go through the roof, meaning that they will probably double within 3 to 4 years or less.
That is probably a safe guess. Eventually your insurance company will cave in and leave the state you are in and the Federal government will create a single payer system much like Canada.
At that point, you will have expensive, crappy, rationed care. You will have to bribe your doctor to get service, and be prepared to bribe emergency techs to even more so they won’t let you die if you get over 70 years old and have a life threatening condition.
It’ll be fun.
I heard Lawrence Summers, Obama’s former budget guru whatever explain why Obamacare would save small businesses money. He actually said that small businesses could drop coverage for their workers and simply pay a penalty for not offering insurance. The workers then would be forced onto the health exchanges and what is essentially Medicaid. They would have no other choice. Summers actually touted this as a positive and a cost savings for small businesses.
Obama and his crowd are a wrecking crew destroying everything they can lay their hands on. It beats me how Republicans even if they manage to control the House, the Senate and the White House are going to reverse and uproot this. It’s becoming entrenched.
I wish this were true. My rates have doubled since Obamacare passed, and others' rates have gone up much more than that.