Health insurance announced that there could be possible hike on the rate of health insurance. This is a result of the overhauling of health insurance policy.
The policy in raising the rate does not include people roofed by Medicare or big employers. It is only for a large number for small businesses and independent individuals.
Blue Cross Blue Shield, Aetna Incorporated and health insurance carriers have clamored for an increase in the range of one percent to nine percent. The increase of rate is intended to shell out additional benefits.
The Census Bureau showed statistics wherein there is roughly nine percent of Americans purchase coverage on the individual market. On the other hand, Kaiser Family Foundation statistics showed that there are about one-fifth of Americans who acquire insurance coverage through their employers. The increase is said to cover new benefits imposed by the law like the riddance of particular caps that is covered annually.
Moreover, there is forecast that health insurers are forced to push a series of increase to consumers because of the modification of health coverage in the United States.
Source: http://www.ficklefinance.com/health-insurance-coverage-increases-costs/
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