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Health insurance companies across the country are seeking and winning double-digit increases in premiums for some customers, even though one of the biggest objectives of the Obama administration’s health care law was to stem the rapid rise in insurance costs for consumers. More here.
Particularly vulnerable to the high rates are small businesses and people who do not have employer-provided insurance and must buy it on their own.
Obama promised during the 2008 campaign that his health care initiative would “bring down premiums by $2,500 for the typical family.” But according to Forbes, premiums have increased by an average of $3,065 and are set to rise even further.