4 ms·
> but what's the evidence that rate hikes are actually significantly influenced by PPACA? For 4 years before "mandatory purchase" was in effect, I saw annual 3
by mgkimsal 10y ago
> but what's the evidence that rate hikes are actually significantly influenced by PPACA?
For 4 years before "mandatory purchase" was in effect, I saw annual 3-5% increases in premiums. In 4 years since, I've seen ~20% increases each year (last year was 'only' 11% increase - I'm bracing for much more).
The 'evidence' is insurance companies bringing in more people who previously didn't have insurance - generally, they either needed or used more services than whatever the premiums (+ subsidies) they were paying covered, and insurance companies lose money because of this. In NC, BCBS lost ~$400million last year (or so the claim goes). They can't sustain those losses indefinitely.