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Originally Posted by whell
There's no question that the federal coverage mandates in the PPACA have an impact on premiums for both individual and group policies. Estaimtes range from 0 - 2% for large group policies, to 5 - 7% for many small group policies that will require signficant adjustments in coverage.
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Ample justification for another double digit rate increase.
By the way, it's perfectly reasonable to adjust premiums upward to reflect increased/improved coverage. Heretofore, we've seen premiums rise and coverage fall.
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I doubt seriouly that PPACA will be repealed if the majorities change in Congress following the November elections. At most, if the Republicans attain a majority, there might be leeway to change funding for some requirements of PPACA.
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As in defund.
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However, the President still has the power of the Veto.
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Well, yes, I think we pretty much all realize that. I guess the sarcasm of my emoticon free post lost something in the reading. Rates will continue to increase when and as the industry wishes, regardless of the party in power (which will be the Democrats but with much reduced majorities).
John