Insurance Officials: 2015 Premiums Set To Skyrocket!

AllenChicago

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March 19, 2014

Health Insurance officials who correctly predicted that 2014 premiums would be 70% to 120% higher than 2013 premiums, thanks mostly to ObamaCare, are now announcing their 2015 premium predictions.

After Kathleen Sebelius told a Congressional committee last week that 2015 premiums will only rise "slightly", health industry officials were baffled and annoyed by her clueless assessment. They are coming forward now to announce increases of over 100% in many parts of the country come January 1, 2015, due to Weakening of the Purchase Mandate, Fewer Healthy Signing Up, New PPO Expansion Requirements, etc...

Full Story: O-Care premiums to skyrocket | TheHill

From an agent's point of view, it's difficult watching this law fail after putting so much effort into understanding it and helping people get the get best plan, but it's better for Americans if +90% of ObamaCare is eliminated, IMO.
-Allen
 
Why do you think 2015 OEP was delayed past the mid-term elections? I sure hope carriers 'leak' their rates about a week before the election.
 
The biggest year over year increase in history (2014 rate increase on average was more than the previous 8 years combined) wasn't "skyrocketing premiums"?

That's terrifying...
 
2015 rates and benefits for group plans will be announced in October as part of open enrollment. Even if there is a moratorium on revealing IFP rates there are more people covered under group plans.
 
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