Last week many of the large US health care providers including Anthem, Blue Cross, Humana and others told its customer’s that they should expect their health care premiums to increase a lot as the effects of the Affordable Care Act take full effect over the next year or two.
Here is an excerpt of an interesting article from the Wall Street Journal about the health insurers and their proposed premium increases:
“Big health plans stung by losses in the first few years of the U.S. health law’s implementation are seeking hefty premium increases for individual plans sold through insurance exchanges in more than a dozen states.
The insurers’ proposed rates for individual coverage in states that have made their 2017 requests public largely bear out health plans’ grim predictions about their challenges under the health-care overhaul.
According to the insurers’ filings with regulators, large plans in states including New York, Pennsylvania and Georgia are seeking to raise rates by 20% or more.”
What?! There is no free lunch?
Read the full article here: http://www.wsj.com/articles/insurers-seek-big-premium-boosts-1464220397