Posted on 05/31/2015 9:05:04 AM PDT by yoe
The cost of Obamacare could rise for millions of Americans next year, with one insurer proposing a 50 percent hike in premiums, fueling the controversy about just how affordable the Affordable Care Act really is.
The eye-popping 50 percent hike by New Mexico insurer Blue Cross Blue Shield is an outlier, and state officials may not allow it to go through. But health insurance experts are predicting that premiums will rise more significantly in 2016 than in the first two years of Obamacare exchange coverage. In 2015, for example, premiums increased by an average of 5.4 percent, according to PwCs Health Research Institute.
(Excerpt) Read more at politico.com ...
Lay down with dogs and wake up with fleas.
We are self-insured with a high deductible HSA. We pay ridiculous premiums for the privilege of — paying our own bills up to $45,000!! It’s a complete joke, but the only way we could get premiums for our family of five under $15,000/year (annually). So, $60K out of pocket.....just thankful we can pay it, but for how long????????
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