Here’s what’s coming, thanks to the “Affordable” Care Act — ObamaCare. The data comes from the House Energy and Commerce Committee, which surveyed 17 of the largest insurance companies.
The report found that individuals will face “premium increases of nearly 100 percent on average, with potential highs eclipsing 400 percent. Meanwhile, small businesses can expect average premium increases in the small group market of up to 50 percent, with potential highs over 100 percent.”
One company said that new participants in the individual market could see a premium increase of 413 percent when new requirements on age rating and required benefits are taken into account, said the report. “The average yearly cost for a new customer in the individual market grows from $1,896 to $3,708 — a $1,812 cost increase,” it added.
This, of course, is the opposite of what ObamaCare supporters promised in their push for the “Affordable” Care Act.
As Sen. Max Baucas has noted — train wreck coming.
