Insurance Premiums Surging as Obamacare Kicks In

“We reviewed data from 784 health-care insurers around the nation. The sample included both private insurance firms and those with publicly traded parent companies, companies that took in a total of $450 billion in premium income last year.  Here’s what we found happened in the first quarter of this year, a period where Obamacare shifted into high gear:  Overall premiums rose a hefty 5.9 percent, or $12.44 per month, to $224.28. That followed a 2.7 percent increase in 2013. Private insurers who don’t have shareholders to answer to raised prices by 2.7 percent. But public companies jacked up their premiums by much more: 13.4 percent.”

http://www.moneyandmarkets.com/weiss-ratings-insurance-premiums-surging-obamacare-kicks-62978

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