.png)
By Elise Viebeck, The Hill
Health industry officials say ObamaCare-related premiums will double
in some parts of the country, countering claims recently made by the
administration.
The expected rate hikes will be announced in the coming months amid
an intense election year, when control of the Senate is up for grabs. The
sticker shock would likely bolster the GOP’s prospects in November and hamper
ObamaCare insurance enrollment efforts in 2015.
The industry complaints come less than a week after Health and Human
Services (HHS) Secretary Kathleen Sebelius sought to downplay concerns about
rising premiums in the healthcare sector. She told lawmakers rates would
increase in 2015 but grow more slowly than in the past.
“The increases are far less significant than what they were prior to
the Affordable Care Act,” the secretary said in testimony before the House Ways
and Means Committee.
Her comment baffled insurance officials, who said it runs counter to
the industry’s consensus about next year.
“It’s pretty shortsighted because I think everybody knows that the
way the exchange has rolled out … is going to lead to higher costs,” said one
senior insurance executive who requested anonymity.
The insurance official, who hails from a populous swing state, said
his company expects to triple its rates next year on the ObamaCare
exchange.
The hikes are expected to vary substantially by region, state and
carrier.
Read the full story: www.thehill.com
Follow Larry Elder on Twitter
"LIke" Larry Elder on Facebook
No comments:
Post a Comment
Comment Policy:
The author of this blog will attempt to engage in conversation via the comments section whenever possible and recognize the 24/7 nature of the internet. Moderating and posting of comments will occur during regular operational hours Monday through Friday. Comments submitted after hours or on weekends will be read and posted as early as possible, however admins and/or the author is unable to commit to replying to every comment posted.
This is a moderated blog. That means all comments will be reviewed before posting. In addition, it is expected that participants will treat each other, as well as the author and admin, with respect. Comments that contain vulgar or abusive language; personal attacks of any kind will not be posted. Comments that are spam or that promote services or products will not be posted. It is requested that all comments remain on topic.
The Elder Statement blog does not guarantee or warrant that any information posted by individuals on this blog is correct, and disclaims any liability for any loss or damage resulting from reliance on any such information. The Elder Statement blog may not be able to verify, does not warrant or guarantee, and assumes no liability for anything posted on this website by any other person. The Elder Statement blog does not endorse, support or otherwise promote any private or commercial entity or the information, products or services contained on those Web sites that may be reached through links on our Web site.
To protect individual privacy and the privacy of others, please do not include phone numbers, addresses or email details in the body of a comment. Such information will result in removal of a comment.
Thank you for your attention.
The Elder Statement