The coming spike in health insurance costs contradicts statements made by embattled Health and Human Services Secretary Kathleen Sebelius who said, "The increases are far less significant than what they were prior to the Affordable Care Act."
One senior insurance executive told The Hill that his company is planning to triple its premiums for its Obamacare customers, stating, "I think everybody knows that the way the exchange has rolled out ... is going to lead to higher costs." The official added, "We're exasperated. All of these major delays on very significant portions of the law are going to change what it's going to cost."
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