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Sunday, August 3, 2014

Louisiana sees Obamacare increases of 10% to 20%

From the Shreveport Times,
The state's largest insurer says close to 45,000 Louisiana policyholders could see the rates for their health coverage jump anywhere from 10 percent to nearly 20 percent next year, and the Affordable Care Act is a major reason.
Blue Cross and Blue Shield of Louisiana accounts for the bulk of those individual policies, which people buy directly from an insurance company rather than through their employer.
Blue Cross spokesman John Maginnis said the Affordable Care Act expanded access to health insurance to millions of Americans, regardless of age or health status, and guaranteed richer benefits. He says those things come at a cost.
Insurance companies are just beginning to announce their premium rates for next year and by all indications they will be painful. Senator Mary Landrieu is already lagging in the polls and having 45,000 angry policyholders/voters will not help her chances.

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