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Name:
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GoneFishin
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Subject:
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Insurers under Obamacare seek 50% hike
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Date:
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6/2/2015 7:57:14 PM
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Insurers were wrong the first year with dental insurance and rates incresed dramatically the seond year. It was the result of insureds who ignored dental care suddenly having coverage and getting treatment. It leveled out after a few years, rates stabilized, and some came down.
Pre-existing coverage is probably the reason for the increase. If the rates are too high, the Insureds will receive a refund. The Insurance companies have to return premiums if losses are under 80%.
It has nothing to do with Obama or the Left. Rather, it is about the marketplace. You should understand the profit motive. Do you really think the Right has a solution? The free market would still be raising rates as it would be the same Insurance companies underwriting the plans.
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