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Category: Health Care Reform

The Looming Premium Rate Shock

Well the confusion has begun! That is to assume that we all were not already there.

The respected publisher Forbes released an article on May 24, 2013 that shocked everyone. Rates to be offered on the California Insurance Exchange effective 01.01.2014 will actually be lower relative to our existing existing market rates.

Forbes contributor Rick Ungar writes that rates will actually be lower, not higher under Obama Care and the first round of rate releases in California proves this.  Surprising even Ungar, an Obama Care supporter!

These assertions are indirectly backed up by the Congressional Committee of Energy and Commerce  attacking a separate House Report on ACA that reports everyone is about to experience rate shock. Only to be followed up by Forbes article stating that there will be rate shock, rebutting its own Ungar article just a few days earlier.

Read the above links to learn more but know that they are both right.

Those sick and currently paying high rates will no longer be discriminated unfavorably by the insurance industry AND those well and health paying low rates will no longer be discriminated favorably by the industry.

It can be argued both ways by honest people.