Health Care Law Leads to Highest Premium Increases in Five Years
From Aon Consulting today comes a survey indicating that “HMO plans will have the highest premium increases in five years” – an overall average increase of 9.8 percent. One reason: “HMO plans have also been more aggressive in estimating the cost impact of some of the most immediate applications of health care reform—including covering children up to age 26, the elimination of certain lifetime and annual limits and covering preventive care at 100 percent.”
In other words, while candidate Obama promised a $2,500 premium reduction for families as a result of his health care plan, premiums are rising at an even faster rate thanks to the new mandates imposed by the law. As a result, middle-class families struggling in a difficult economy will have to pay more for their health insurance – meaning the “Affordable Care Act” is not living up to its name.
