I don't think it takes Alan Greenspan to understand that if you require insurance companies to cover things that they previously did not, they will raise rates to cover the additional cost.
It's only going to get worse when the government controlled margin kicks in.
A slew of provisions that are substantial to insurance companies do go into effect this year.
Even if they didn't, rate increases now could have everything to do with provisions that kick in later. Their current model isn't designed to support the additional expenses that this legislation requires. They have to have the funds available to cover policy holders. If the expenses for those policy holders goes up, they need to have increased the pool of funds to draw from.
Nothing in the health care reform prevents insurance companies from raising costs. In fact, the major changes encourage insurance companies to raise rates more.
I would be happy to have 10% increases back over the Obamacare 50% hike I just received.
Is your health care paid for by an employer?





Reply With Quote