“Internal cost estimates from 17 of the nation’s largest insurance companies indicate that health insurance premiums will grow an average of 100 percent under Obamacare, and that some will soar more than 400 percent, crushing the administration’s goal of affordability. New regulations, policies, taxes, fees and mandates are the reason for the unexpected ‘rate shock,’ according to the House Energy and Commerce Committee, which released a report Monday based on internal documents provided by the insurance companies. The 17 companies include Aetna, Blue Cross Blue Shield and Kaiser Foundation.”
http://washingtonexaminer.com/insurers-predict-100-400-obamacare-rate-explosion/article/2529523
Related posts:
South Africa votes to seize land from white farmers without compensation
U.S. and Canada launch joint cybersecurity plan
Tens of thousands protest against India cash ban
Pharma firms paid East German state to test drugs on population
Hacking ring made $100M trading by stealing corporate press releases
Congress OKs General Atomics deal to sell Reaper drones to France
Teenaged entrepreneur denounces business-limiting French laws in Quebec
FED paper warns it might not be able to undo QE
Vacuum sales rocket 44% as households scramble to buy before EU ban
New Zealand military told to soften manual that equates media with extremist groups
Billionaire investors take aim at Fed's policies at Sohn event
Snowden Gets Whistleblower Award in Germany
Oil and gas drillers use complex schemes to stiff retired landowners for royalties
Judge Freezes U.S. Assets of Mt. Gox CEO, Related Companies
New Nationalist Government of Japan Stokes Tensions with China