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Health Insurance Companies Set to Raise Obamacare Premiums | American Health Council

Health Insurance Companies Set to Raise Obamacare Premiums

Health Insurance Companies Set to Raise Obamacare Premiums - Health Council

“Expect insurers to seek significant premium increases under President Barack Obama’s health care law, in a wave of state-level requests rippling across the country ahead of the political conventions this summer.Insurers say the law’s coverage has been a financial drain for many of them, and they’re setting the stage for 2017 hikes that in some cases could reach well into the double digits.”

“The health law is “likely in for a significant market correction over the next year or two,” said Larry Levitt of the nonpartisan Kaiser Family Foundation. “There have been a lot of signals from insurers that premiums are headed up.”

Read the full article: Health Insurance Companies Set to Hike Obamacare Premiums