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Rate Shock: In California, Obamacare To Increase Individual Health Insurance Premiums By 64-146%
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| Contributor | kal |
| Last Edited | kal May 31, 2013 11:21am |
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| Category | News |
| News Date | Friday, May 31, 2013 05:00:00 PM UTC0:0 |
| Description | Last week, the state of California claimed that its version of Obamacare’s health insurance exchange would actually reduce premiums. “These rates are way below the worst-case gloom-and-doom scenarios we have heard,” boasted Peter Lee, executive director of the California exchange. But the data that Lee released tells a different story: Obamacare, in fact, will increase individual-market premiums in California by as much as 146 percent.
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