HUGE insurance rate hikes expected in 2014 under Obamacare
202 views · Published 27 March 2013 · 0:50 · Indexed 24 October 2026
Channel: chattanooga times free press · 2013 · News & Politics
Turning to business, it looks like you can expect a huge hike in your health insurance rate next year. Premiums for individual policies will jump by more than 30 percent and small businesses will also face double-digit rate hikes for their health plans. The changes begin next year when most of ObamaCare goes into effect. Bill Gracey, president of BlueCross BlueShield of Tennessee, says the new rates will shock a lot of people. He says healthy people, especially young men, may choose to opt out of coverage because their rates are about to shoot up as much as 62 percent. Analysts project 32 million more Americans will get health insurance under ObamaCare, but the increase comes with a cost, especially in the first year when many unhealthy people sign up for coverage and need more immediate care.
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