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Health Insurance Exchange Rates Surprisingly Low



Blue Shield of California says it expects rates for its policyholders to increase 13% on average in 2014, an increase executives say will be "legitimately below what people expected them to be."



2 comments on "Health Insurance Exchange Rates Surprisingly Low"
Raye (7/20/2013 at 3:20 PM)

They ask for annual income, is this gross, net or adjusted?
Tyco Brahe (7/19/2013 at 11:03 AM)

Insurance companies tried to keep prices down in the past by selling insurance planes with many holes in them [INVALID]lifetime caps, the ability to cancel the plan at will, limited coverage, etc. Obamacare gets rids of all those holes (because once you fell into a hole, the government would have to pick up much of the tab). So, it's understandable that, at first, prices may go up mildly. However, as more and more people now have to buy insurance and will have access to primary care providers (instead of relying on the ER when diseases get really bad), prices should come down.