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Expect Health-insurance Premiums To Rise

Obama hails 4th anniversary of health law

More quote details and news TW in Your Value Your Change Short position and the National Business Group on Health. While that’s up slightly from last year’s 4.1%, it’s consistent with the sharp deceleration that began a decade ago, when costs were rising by more than 10%. Costs are shifting to employees, that survey found. Employees’ share of annual premiums for the average employer-provided plan is projected to rise 7% this year to $2,975. Employees are expected to shoulder 37% of premiums this year, up from 34% in 2011. The ACA aims in part to control health-care spending. Provisions of the law, such as the creation of accountable-care organizations, were designed partially with that goal in mind. Insurers are subject to more-rigorous review when proposing higher premiums.
Expect Health-Insurance Premiums to Rise

Obama signed a health care bill into law on read this post here March 23, 2010. Now, the administration faces a March 31 sign-up deadline for coverage this year. Republicans have also marked the fourth anniversary of the law, pledging to make it a major issue in congressional elections this year by arguing that it raises costs and cancels insurance policies. In his statement, Obama cited aspects of the law that provide free preventive care with items like mammograms and contraception, and forbid insurance companies from placing dollar limits on insurance payouts. The law also prevents discrimination against people with pre-existing medical conditions, and ends higher insurance costs for women, Obama said. Republicans question whether enough young, healthy people will sign up for the plan in order to finance it. In his statement on the four year anniversary of the health care law, Sen. Marco Rubio, R-Fla., said people have had to change doctors and specialty centers because of the new law. “They’ve lost the health insurance they were happy with,” Rubio said.
Obama hails 4th anniversary of health law