Health Insurers Pin Rate Hikes on Obamacare

Wednesday, 08 Sep 2010 09:45 AM

 

  Comment  |
   Contact  |
  Print   |
    A   A  
  Copy Shortlink
Health insurers say they plan to raise premiums on some Americans due to Obamacare, according to a report by the Wall Street Journal.

Aetna Inc., some BlueCross BlueShield plans and other smaller carriers have asked for premium increases of between 1% and 9% to pay for extra benefits required under the new law.

The insurers say Obamacare is causing them to pass on more costs to consumers than Democrats predicted. The rate increases largely apply to policies for individuals and small businesses.

About 9% of Americans buy coverage through the individual market, and roughly one-fifth of people who get coverage through their employer work at companies with 50 or fewer employees.

Both groups are expected to feel the effects of the proposed increases.

To read the full story, Go Here Now.


© All Rights Reserved.

  Comment  |
   Contact  |
  Print   |
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Obamacare Tops Hot-Button Issues Soon Before Supreme Court

Friday, 26 Dec 2014 10:02 AM

The Supreme Court will tackle a laundry list of high-profile cases during the first six months of the new year, includin . . .

20 States to Increase Minimum Wage Next Year

Friday, 26 Dec 2014 14:07 PM

Twenty states across the country will raise their minimum wage on the first day of 2015, increasing the pay of more than . . .

Va. Lawmaker Wants to Clear Home Kitchens of Govt Inspectors

Friday, 26 Dec 2014 14:03 PM

Legislation is brewing in the Virginia legislature to give the state's cooks some relief from the state and local inspec . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved