Prepare for double digit insurance hikes on Nov 1st. some will increase over 30%! Most insurance companies are not making enough money on Obamacare.
“Was it a financial winner? No,” said John Kelly, the health plan’s chief marketing and operations officer. “We expected to take losses and we did.”
Another must read article published by The Fiscal Times. They are predicting another HUGE hike in our insurance premiums for 2017!
"If Tavenner is right, Obamacare will jump dramatically—last year’s premium for the popular silver-level plan surged 11 percent on average. Although Tavenner didn’t mention deductibles, in 2016, some states saw jumps of 76 percent, while the average deductible for a 27-year-old male on a silver plan was 8 percent."
We would like to share a recent article that supports our view on unaffordable healthcare and the issues we are all facing.
"The only coverage many people can now afford are plans with excessively high premiums in return for excessively high deductibles — leaving few funds left over to pay for medical bills out of pocket or fund a health savings account. "