It’s no big secret to the average American that Obama’s Affordable Care Act is making health insurance the opposite of affordable. After only a short time, it’s already caused countless headaches for middle class Americans as they search for a reasonable option to cover their healthcare needs.
But brace yourselves, cause it’s about to get a lot worse.
The New York Times reports that major insurance companies are now planning to raise their rates even higher to compensate for the new law’s impact:
Health insurance companies around the country are seeking rate increases of 20 percent to 40 percent or more, saying their new customers under the Affordable Care Act turned out to be sicker than expected. Federal officials say they are determined to see that the requests are scaled back.
Blue Cross and Blue Shield plans — market leaders in many states — are seeking rate increases that average 23 percent in Illinois, 25 percent in North Carolina, 31 percent in Oklahoma, 36 percent in Tennessee and 54 percent in Minnesota, according to documents posted online by the federal government and state insurance commissioners and interviews with insurance executives.
How disgusting is that? As if Americans didn’t have enough of a struggle to stay healthy and financially viable. Tell us your reaction in the comments.