Rate Shock: The Affordable Care Act has inspired no shortage of overheated rhetoric. From “death panels” to grim predictions about the law striking at the very heart of the Constitution, it’s hard to find some sort of social or economic ill that the law’s opponents didn’t expect it to cause. But the prediction unique to 2014 was the idea of “rate shock.” This was the promise that when people who signed up for coverage in the law’s first year, 2013, went to renew coverage in 2014 they would be blindsided by financially crippling premium hikes. “This is going to be a pretty startling revelation for a lot of folks,” Rep. Michael Burgess (R-TX), a doctor himself, predicted. “I dont think the president has done a good job in preparing people for what is to come.” ow.ly/GEXQd
Posted on: Thu, 01 Jan 2015 15:40:00 +0000
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