Maryland, Virginia and Connecticut are the first three states to make their 2018 Obamacare premium estimates public and they paint a very bad picture for the future of Obama’s crowning legislative achievement. On average, premiums for individual insurance are expected to increase 33% over 2017 with Maryland’s 4 insurers requesting a staggering 45% YoY increase. Per Bloomberg:
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Of course, 2018 premium hikes are only half the story because they come on top of staggering increases in 2017 as well. Combined, residents of Connecticut, Maryland and Virginia are looking at total premium increases of 59%, 81% and 41%, respectively, over just a two-year period. As a reminder, here is where rate increases came in, by state, for the 2017 plan year:
This post was published at Zero Hedge on May 9, 2017.
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