Health insurance providers nationwide are requesting massive rate increases for the coming year, including a 50 percent jump proposed by one of New Mexico’s biggest carriers, according to The Hill.
The White House on Monday posted health insurers' proposed rate increases for the coming year. Obamacare mandates that all requested increases above 10 percent be posted online by June 1, at which point negotiations begin between insurers and regulators.
The final rates must be locked by November.
A representative with the Kaiser Family Foundation tells The Hill that most of the increases are somewhere around 15 percent to 20 percent, but in addition to New Mexico, big jumps are requested by Tennessee’s biggest insurer — 36 percent for some plans — and Maryland, whose most popular insurance carrier is seeking a 30 percent hike.
Connecticut is asking for a 10 percent jump, while New York’s market leader wants 12 percent more.
Fox News reports that Blue Cross and Blue Shield of North Carolina is seeking a roughly 26 percent premium increase, while in President Barack Obama’s home state of Illinois, individual premiums could rise by as much as 30 percent, according to The Chicago Tribune, which reported the largest average rate increases would be by Blue Cross and Blue Shield of Illinois, Coventry Health Care and Assurant Health.
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7 comments:
Just more proof that Obama is a liar.
We are going to need a WHOLE LOT of rope.
I'm thinking that insurance executive are going to need inclusion when we hang every politician from D.C. lampposts.
Don't think it's going to happen??
LOL.
That's what the British thought, too.
Keep cheering.
While you still can, that is.....
And you all thought rates would go down and benefits would go up. The opposite has happened. Rates jumped at least 20% every year and benefits have been reduced. This is not how things should work. It should be rates go up and benefits go up.
The Obamanation of the nation. He has done everything possible to destroy the USA and isn't done yet. There will be a time when at least one half of the people will stand up and fight back. Obviously the government goons know that and are planning for it. Check out Jade Helm. You won't hear one peep concerning that on the MSM.
Rates went up every year before this, what is the difference?
The difference is that every person was forced to purchase worthless insurance and taxed if they did not comply. The difference is that the selling point for this whole Obamacare BS was that because everyone would be on insurance the costs for insurance would go down. The difference is that it just points out one more lie told to the American people by "their" government. Some people need to understand why others are still trying to stop Obamacare. Because it is not the best thing since sliced bread as everyone was lead to believe. It needs to be stopped. Costs are climbing as high if not higher than they were before Obamacare started. A lot of people have now lost the doctors they had for years and preferred and now a lot of doctors are actually leaving the profession because they refuse to deal with all the paperwork, the underpayment for their services, etc., etc., etc..... That is the difference.
Just wait until the quality of care declines. The writing is on the wall. We are doomed unless we can get someone with commonsense at the top.
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