Get ready. Its coming. Just when you and your budget least expect it. Just when you and anyone in your family ends up facing some serious medical issues. Be prepared to have your insurance rates, copays, and deductibles skyrocket next year.
Amid rising drug and health care costs and roiling market dynamics, the spokesperson for the nation’s health insurers is predicting substantial increases next year in Obamacare premiums and related costs.
Without venturing a specific percentage increase, Marilyn Tavenner, the president and CEO of America’s Health Insurance Plans (AHIP), said in an interview with Morning Consult that the culmination of market shifts and rising health care costs will force stark increases in health insurance rates in the coming year.
“I’ve been asked, what are the premiums going to look like?” she said. “I don’t know because it also varies by state, market, even within markets. But I think the overall trend is going to be higher than we saw previous years. That’s my big prediction.”
Let me tell you… seeing that bit of news doesn’t make me jump up and down for joy. I was yelling for Congress to vote AGAINST Obamacare from the very beginning because I was afraid this would be the result! And now it is. So what does this mean?
Think about it. An elderly couple with a spouse who is dealing with a serious heart condition combined with other on-going medical issues. Like it or not, Medicaid and Medicare are going to go up as well. For those who are living on limited incomes…you do the math. They will choose NOT to go to doctor because they can’t pay.
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