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  • Insurers predict 100%-400% Obamacare rate explosion

    05/13/2013 7:02:31 PM PDT · by Nachum · 40 replies
    Washington Examiner ^ | 5/13/13 | Paul Bedard
    Internal cost estimates from 17 of the nation´s largest insurance companies indicate that health insurance premiums will grow an average of 100 percent under Obamacare, and that some will soar more than 400 percent, crushing the administration´s goal of affordability. New regulations, policies, taxes, fees and mandates are the reason for the unexpected "rate shock," according to the House Energy and Commerce Committee, which released a report Monday based on internal documents provided by the insurance companies. The 17 companies include Aetna, Blue Cross Blue Shield and