Posted on 07/31/2014 1:16:44 PM PDT by SeekAndFind
The bad news in California: If you liked your plan and/or your doctor, many of you couldn’t keep either if you had an individual-market plan. The worse news in California: If you liked your premiums, you definitely couldn’t keep those. In the first year of ObamaCare, premiums rose in the Golden State anywhere from 22% to 88% from the previous year — even as insurer networks narrowed so much that consumers had a tough time finding a provider at all:
The cost of health insurance for individuals skyrocketed this year in California, with some paying almost twice what they did last year, the state’s insurance commissioner said. …
For 2014, consumers purchasing individual policies paid between 22% and 88% more for health insurance than they did last year, depending on age, gender, type of policy and where they lived, Jones said Tuesday.
[State Insurance Commissioner Dave Jones] said he has authorized a study of health insurance rates after receiving numerous complaints about rising costs.
“The rate increase from 2013 to 2014, on average, was significantly higher than rate increases in the past,” Jones said in a news conference in Sacramento.
The hardest-hit were young people, he said. In one region of Los Angeles County, people age 25 paid 52% more for a silver plan than they had for a similar plan the year before, while someone age 55 paid 38% more, according to a report that Jones released Tuesday.
Now for the good news in California. Rates won’t go up that much this year, Jones says, because of a ballot measure in this year’s election that will give the state the power to regulate rate increases.
(Excerpt) Read more at hotair.com ...
Bump
I hope they go up the most in Pelosi’s district. It’s about time her constituents woke up and smelled the Starbucks.
But the check used by the people who had to pay it could be written on the same physical size check they have always used so this just another bogus Republican whine.
Good.
Hopefully they will quadruple soon.
As long as California is going to regulate insurance rates I want my rate to be $0. I also want a $10,000 per hour minimum wage (maybe a hair more). No sense messing around with a lousy $10 or $15. My life will be sweet in California.
Over 800 million razbucknicks just to build a web site (That still isn’t functioning). Boy I really luv big government and how it looks after its citizenry. Don’t you wish the whole world could be lucky enough to live under that sort of rule? Oh wait. That is what Obama and his Agenda 21 ‘folks’ want.
“Rates won’t go up that much this year, Jones says, because of a ballot measure in this year’s election that will give the state the power to regulate rate increases.”
How can this possibility work?
Insurance companies will have to stop providing policies in CA. Or is the state subsidizing the premiums now?
Welcome to fascism. Bug Government regulating businesses out of business.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.