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.
More @ NYT
But but but Obama....
ReplyDeleteAs though this is a surprise to any other than Useful Fools. :)
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