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April 29, 2016

Health premiums expected to jump this year

  • The health law has been a financial drain for many insurers who blame lower-than-hoped-for enrollment, sicker-than-expected customers, and a balky internal stabilization system.
  • By RICARDO ALONSO-ZALDIVAR and TOM MURPHY
    Associated Press

    WASHINGTON — Insurers will seek significant premium hikes under President Barack Obama's health care law this summer — stiff medicine for consumers and voters ahead of the national political conventions.

    Expect the state-by-state premium requests to reflect what insurers see as the bottom line: The health law has been a financial drain for many companies. They're setting the stage for 2017 hikes that could reach well into the double digits, in some cases.


     
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