Sticker Shock and Skyrocketing Health Insurance Premiums Forecast in 2015 for ACA Plans

A story published by “The Hill” last week is forecasting skyrocketing health insurance premiums for the Affordable Care Act’s (ACA) new health insurance exchanges. The story cites insurance industry insiders who said they expect the price of monthly premiums to increase significantly. The outlook runs contrary to the comments of Health and Human Services Secretary Kathleen Sebelius who downplayed the likelihood of sticker shock next year while addressing members of Congress two weeks ago. The unnamed insiders mentioned in “The Hill” story said a combination of new ACA taxes and fees, rule changes, and delays in the enforcement of certain requirements will likely contribute to higher than expected rates for next year. According to the story, not everyone will experience sticker shock. Rates are likely to vary depending on the region of the country and the availability of doctors in the area. The rates for 2015 won’t be announced until fall. Please click here to view the article.

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