Health Insurance Rates Rise Nationally, What Small Businesses and Individuals Should Know – New Report by DigitalOlympus.com
Health insurance rates are rising nationally, and by double digit figures for some policy holders in some states; insurers are citing rising healthcare costs and regulators are blaming loopholes in the “Affordable Care Act” of 2010 – DigitalOlympus.com...
The “Affordable Care Act” of 2010 can be blamed for the seeming incessant hikes on premium rates, especially for policy holders not covered by employers. Reports show an average of 20% increases in premiums for non-employer policy holders (small businesses and individuals) compared to just 4% for employer-covered policies.
Data out of Washington, as well as business intelligence reports and investigations by leading industry players all indicate that although healthcare costs are rising and may continue to do so in the near future, they will only appreciate by a fraction of the average hike rates being proposed by insurers. This creates the debacle regulators are seriously trying to solve. Thanks to the new healthcare law of the Obama administration, they may finally be making some headway.
According to the DigitalOlympus.com report:
“As the "Affordable Care Act" gives the way to the new healthcare law and we continue to see increasing adoption and more power for regulators, we can expect premium hikes to lower considerably for currently affected policy holders, even in the near future.”
The full report by DigitalOlympus.com can be accessed by visiting this link.
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