"It should be noted that premium increases were in excess of 30 percent over the previous year," said Barbara Brody of Barbara A. Brody & Associates. Brody said average rate increases next year for Manhattan-based firms she advises could be as high as "67 percent but will average 30 percent."
That's because insurance companies, faced with higher costs after the passage of a giant health reform measure, plan to pass most of the costs onto consumers, according to several industry observers.
The additional costs for the insurance companies include: covering dependents up to 26-year-olds as well as pre-existing conditions of new enrollees and coverage for the currently uninsured.
And they will see hefty premium hikes and out-of-pocket expenses rise, they add.
These increases would be in addition to big hikes already put in effect this year, Brody says...
Join us on our
Share this page with your friends
on your favorite social network: