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Health Insurers Raise Rates Bigtime Despite ObamaCare

Health Insurers Raise Rates Bigtime Despite ObamaCare

(NEWSER– America's health insurers are raising rates by up to 26% despite the fact that President Obama was dead-set on curbing such increases, the New York Timesreports. California's Anthem Blue Cross, Aetna, and Blue Shield of California have proposed increases of 26%, 22%, and 20%, respectively, on certain customers, while insurers in states like Florida and Ohio have increased some people's rates by at least 20%. "This is business as usual," says California Insurance Commissioner Dave Jones. "It’s a huge loophole in the Affordable Care Act."

Read more: Newser

 

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