From YWN:
Insurance Industry Warns Of Higher Rates, As ObamaCare Supporters See Long-Term Fix
(Thursday, June 28th, 2012)
President Obama says the health care law makes coverage more affordable, but the insurance industry reacted to the Supreme Court decision by saying that the ruling will actually end up raising rates even more than they have climbed since the law was enacted.
The group also cited the creation of state health insurance exchanges, which will give consumers choices of insurance plans. It also said the new insurance company regulations help consumers.
AHIP counters claims that premiums will decrease. It cited an Urban Institute study that shows insurance premiums for singles policyholders, who are 18 to 34 years old, will increase by $1,400, from $3,600 to $5,000 a year.
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