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ObamaCare’s Fall Sticker Shock. Elections in November.

Posted on March 20, 2014

Health industry officials say ObamaCare-related premiums will double in some parts of the country, countering claims recently made by the administration.

The expected rate hikes will be announced in the coming months amid an intense election year, when control of the Senate is up for grabs. The sticker shock would likely bolster the GOP’s prospects in November and hamper ObamaCare insurance enrollment efforts in 2015.

The industry complaints come less than a week after Health and Human Services (HHS) Secretary Kathleen Sebelius sought to downplay concerns about rising premiums in the healthcare sector. She told lawmakers rates would increase in 2015 but grow more slowly than in the past.

“The increases are far less significant than what they were prior to the Affordable Care Act,” the secretary said in testimony before the House Ways and Means Committee.

Her comment baffled insurance officials, who said it runs counter to the industry’s consensus about next year.

“It’s pretty shortsighted because I think everybody knows that the way the exchange has rolled out … is going to lead to higher costs,” said one senior insurance executive who requested anonymity.

The insurance official, who hails from a populous swing state, said his company expects to triple its rates next year on the ObamaCare exchange.

The hikes are expected to vary substantially by region, state and carrier.

Areas of the country with older, sicker or smaller populations are likely to be hit hardest, while others might not see substantial increases at all.

Several major companies have been bullish on the healthcare law as a growth opportunity. With investors, especially, the firms downplay the consequences of more older, sicker enrollees in the risk pool.

Much will depend on how firms are coping with the healthcare law’s raft of new fees and regulatory restrictions, according to another industry official.

Some insurers initially underpriced their policies to begin with, expecting to raise rates in the second year.

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2 thoughts on “ObamaCare’s Fall Sticker Shock. Elections in November.

  1. WAKE-UP AMERICA! Obama hates YOU as much as he hates his OWN MOTHER, ONLY BECAUSE SHE IS WHITE, NOT BECAUSE her family was a great standing Marxist family! That especially includes the "women alone" who gave him authority for his planned payback! WATCH: especially beginning Wednesday, September 24, 2014, which is the correct date for the next annual Feast of Trumpets(war)! Again, watch…p.s. Men will be held equally accountable wit our women-alone, but remember: Adam "voluntarily" walked out of "Eden" with his wife…OUCH! Again, watch…

  2. This no plus for the GOP or Americans, Obama will blame the insurance companies for the rise in costs and call for the complete take over of the health care system by government. In other words Obama will push for government run socialized health care in America. Obama and the liberal democrats are getting exactly what they want, control of health care and control of Americans.