The premium increases stem in part from rising healthcare costs, including higher prices for medical care and expensive prescription drugs.
Most Americans can expect to pay significantly more each month for health insurance next year, whether they get it through work, the Affordable Care Act or Medicare. In some cases, the premium increases may be the largest in decades and are driven by numerous economic pressures. But they won’t look the same for everyone. Some will pay more in the form of higher copays or deductibles.
“Healthcare costs are going up faster than they have in years, and open enrollment is when the healthcare affordability crisis is really going to hit home for people,” said Larry Levitt, executive vice president for health policy at KFF, a nonpartisan research group. “That’s true for whatever kind of insurance you have.”
Prices have shifted upward in every corner of daily life.
Insurance better watch out.
Increasingly this is the decision people (especially the young) are making. So now you have less people paying into insurance. Raising the cost for those with it. So more people drop their insurance. But insurance execs and politicians are fine letting things snowball in the name of greed.
the snowball is going to force government managed healthcare. I’m excited for it.
Sounds like cable cutting all over again.