ObamaCare does not increase insurance premiums directly. In fact, ObamaCares rate review provision states that as of 2011, insurance companies are no longer be able to raise insurance premiums solely for the sake of profit. If health insurance companies do raise premiums, they will have to justify rate hikes of over 10% to the State they operate in and then disclose this information immediately on both their website and healthcare.gov. If the State does not have an effective rate review program, the Federal Government will step in. This has already prevented many unjustified rate hikes.
Posted on: Sun, 03 Nov 2013 17:34:13 +0000
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