Cost of Health Care Continues to Rise

[whell]

Originally Posted by Boreas

I have no doubt whatsoever that when the Republicans retake Congress in November and repeal Obamacare health insurance rates will plummet.

John

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.

I doubt seriouly that PPACA will be repealed if the majorities change in Congress following the November elections.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. However, the President still has the power of the Veto.