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ObamaCare Rates to Go Up More than 4%

The writer for the Upshot of the New York Times [1] warns of higher insurance premium increases this upcoming year. Thanks, Obama:

It already looks clear that many Obamacare insurance plans are going to raise their prices significantly…

Over the last two years, I’ve written articles warning against scary headlines that exaggerate premium increases. Next year, those scary headlines are more likely to be accurate.

Peter Lee runs the country’s largest and most stable state marketplace, Covered California. The typical rate increase has been only 4 percent over the last two years. Next year will be different. “We expect our rates to go up more than that this year,” he said at a recent meeting with health reporters. He predicted “big rate increases” in other states.

Photo by healthiermi [2] [3]