To be expected, that’s what HHS says and they are right. The structure of Obamacare cannot help but stimulate adverse selection and given the millions of Americans still without coverage and with the ongoing ability to buy it when they need it most, this trend is likely to continue for some time, a long time. It doesn’t take but a few large claims in a year to adversely affect premiums.
However, it is not only premiums that will be increasing, but the taxpayer paid premium subsidies as well. Without the ability to underwrite these risks and with no penalty for pre-existing conditions or delayed enrollment, the checkbook has blank signed checks just waiting to be cashed … that’s your checkbook by the way.
Summary from Kaiser Health News
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