Aetna CEO: Health insurance premiums will double because of Obamacare
Of course Aetna is far from the first to say this. This very writer's insurance premiums went up 12 times.
Famed economist and statistician Dr. John Lott:
So much for Obama's promises. From Bloomberg News:
While subsidies in the law will shield some people, other consumers who make too much for assistance are in for “premium rate shock,” Mark Bertolini, who runs the third-biggest U.S. health-insurance company, told analysts yesterday at a conference in New York. The prospect has spurred discussion of having Congress delay or phase in parts of the law, he said.
“We’ve shared it all with the people in Washington and I think it’s a big concern,” the CEO said. “We’re going to see some markets go up as much as as 100 percent.”
Bertolini’s prediction is at odds with Congressional Budget Office estimates . . . .