My wife and I have an individual policy. So far we've been able to keep that plan. We've been told that we don't have to become obammycare compliant until 2017. So I'm not part of the obamacare pool, yet my insurance company raised my annual premium almost 40% when obammycare went into effect.
Its all a racket.
“So I’m not part of the obamacare pool, yet my insurance company raised my annual premium almost 40% when obammycare went into effect.”
The insurance companies are losing money on the plans they are forced to offer under ObamaCare. They have to get the money somewhere and people that have individual care are going to be the first target. Those in a group plan will be hit less for now, but all of us are going to suffer one way or another.
You are paying 40% more because.... where do you think those “subsidies” come from??
Probably your cost went up to cover those who are now in obamacare.
Regulation raises prices for all customers.