From Connecticut, totally expected news:
State OKs Anthem Rate Hikes, Some More Than 20 Percent; Attorney General Cries Foul
By Matthew Sturdevant, Hartford Courant
The state's largest health insurer was granted rate hikes Friday that will be well over 20 percent for some plans, drawing sharp criticism from the attorney general.
Anthem Blue Cross and Blue Shield in Connecticut requested a wide range of premium increases, which will take effect Oct. 1, to cover the costs of new benefits required by federal health reform. Higher prices mostly affect new members shopping for a health plan on the individual market rather than people who have group plans through an employer or some other organization.
The Connecticut Department of Insurance approved Anthem's request without changes, including a boost of as much as 22.9 percent just to comply with one provision: eliminating annual spending limits per customer.
New provisions mandated by federal law to start Thursday include allowing young adults to stay on their parents' plan until they turn 26, eliminating annual and lifetime limits on the amount of money an insurer spends per customer and mandating that insurers cover the full cost of preventive services, such as mammograms and colonoscopies. [link] [emphasis mine]
Who, besides Obama, thought all this "free" stuff was actually going to be free?
America's insurers have been saddled with a host of new government mandates. And those providers are responding.
While we the consumers are left trying to figure out how to pay the bill.
Obama told us he was going to lower the cost of health care.
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Talk about a kick in the flabby parts, insurance rates, as exposed above, are skyrocketing for those individuals who purchase health coverage on their own (as opposed obtaining it through a company's group plan). And, even if they can't afford it, ObamaCare requires that all individuals buy insurance. Will they be forced to take out second mortgages to pay for his whimsy? Stick around.