directoryad
subscribe ad

Monday April 21st 2014

Archives

eyemedbannerad

Health Insurance Premiums Expected to Rise Dramatically Under Obamacare

CDHPGraphicAccording to a recent study from the House Energy and Commerce Committee health insurance premiums will rise, on average, by 100 percent—and some could increase by much more. For example, the average yearly cost for a new customer in the individual market will grow from $1,896 to $3,708—a $1,812 cost increase, the report states. Devon Herrick, a senior fellow with the National Center for Policy Analysis, says it’s no mystery why premiums will rise: the burdensome regulations in Obama’s law. These new ACA requirements essentially force insurers to withstand higher amounts of risk, which of course insurers will have to charge for according to a recent report at www.heartlander.org.