Feb 3, 2014
On April 1, steep rate increases are scheduled to go into effect in California on individual health insurance policies written before the Affordable Care ACT (ACA) became law. At Anthem Blue Cross alone, about 306,000 people with individual policies will pay average increases of 16%, with some forced to pay as much as 25% more.
Even if California regulators convince Anthem to voluntarily back off a little bit, these increases will surely still be huge. They come on top of premium increases of as much as 50% during the past three years!
Steep rate increases on virtually all pre-ACA health insurance policies are being imposed in every state. Many of the tens of millions of people with these policies will have to drop them.
The big majority of ordinary people in this country are being forced into a future with higher deductibles and co-pays, where health care is less affordable than it was in the past.
This is what happens when insurance companies are in the driver’s seat; when they write the regulations that government officials and politicians then proclaim as a grand “reform” of something as critical as health care.