Well, we are almost one year into Obamacare. What have the effects been. The goal was to insure more people at a lower premium. Has that been achieved?
Most carriers have eliminated CHILD ONLY policies, while now you cannot deny coverage to a child on a family policy. No one in most states will do the Child only.
American Community, which had probably the best product on the market is out. Principal financail is no longer writing health insurance.
Rates have seemed to climb in most cases. Blue Cross Blue Shield of IL has increased rates on group health in some cases 35%. World Insurance in Illinois increased rates 38%. Most carriers have had increases of 25% or more.
For those who thought it was a good idea, do you still think it is a good idea?
All I can say.
Thanks for reading.
Eric Wilson is president of I Sell Health, Inc. He can be reached at 888-448-5370.