Health insurance premiums may as much as double for some small businesses and individual buyers in the U.S. when the Affordable Care Act’s major provisions start in 2014, Aetna Inc. (AET)’s chief executive officer said.
While subsidies in the law will shield some people, other consumers who make too much for assistance are in for “premium rate shock,” Mark Bertolini, who runs the third-biggest U.S. health-insurance company, told analysts yesterday at a conference in New York. The prospect has spurred discussion of having Congress delay or phase in parts of the law, he said.
“We’ve shared it all with the people in Washington and I think it’s a big concern,” the CEO said. “We’re going to see some markets go up as much as as 100 percent.”
ObamaCare delenda est.
Let us all hope that those ‘some people’ referred to in the heading all voted for obumma.
Shooting yourself in the foot is a great incentive to learn how to use a gun properly.
No, it’s not going to hurt the trash, it is going to hurt the productive people, just like all tax schemes do. Sure a bunch of Obamabots might lose their jobs, but they’ll make more collecting welfare than the would from having a job.
My premium has already almost doubled thanks to Obamacare and I’m sure it will spike again this year, right out of range that I can afford. And yes, I’m a small business owner. I wonder if those of us who lose insurance coverage could get a class action suit going against the insurance companies?
Gotta love how Democrats find ways to plunder the productive class in order to feed their pets “free” stuff.
it’s working as planned
Captain Obvious – Yes it is.
After Obama was elected the first time,my health insurance premium rose by 25%. It is now a bit over TRIPLE what it was in December, 2008.Thank you, Emperor Zero, for “caring” so much about someone who makes 10.25 an HOUR.