If you picked up a New York Post today, there's this small story over insurance companies, and the expected rate of increase for January 2015.....for healthcare costs. The shock? Several are pushing toward a nineteen percent increase. Whether it is finalized yet or not....some folks are likely sitting there and just asking themselves.....where in their pay-check does this come out of?
My general expectation is that around three-percent of the people who have insurance today.....likely will quit by 1 January as they figure out the rate of increase and the inability to cover that cost. Naturally, losing a million folks.....means in July of 2015 when the insurance companies meet again, and set the 1 Jan 2016 rate......will go up yet again.
This is the problem with the method of allowing the government to mandate what happens but not really offering a control mechanism to keep something within reality.
A topic for the Sunday chatter shows? Yeah, but what can you really say? It was all expected, and there's no magic bullet to take down this beast.