If You Like Your Health Insurance Plan, You Must Pay More to Keep Your Health Insurance Plan
16th November 2014
The New York Times reports that many Americans with health insurance purchased under Obamacare will face substantial price increases next year — in some cases as much as 20 percent — unless they switch plans. The Times report is based on data released by the Obama administration on Friday, just hours before the health insurance marketplace opened to buyers seeking insurance for 2015.
According to the Times, “the new data means that many of the seven million people who have bought insurance through federal and state exchanges will have to change to different health plans if they want to avoid paying more — an inconvenience for consumers just becoming accustomed to their coverage.” Beyond the matter of inconvenience, there is also the fact that the new plan, available at about the price of the old one, typically will be less desirable than the old plan, which now costs more.
Obamacare: The lie that keeps on taking.