http://www.wsj.com/articles/obama-administration-seeks-to-ease-concerns-over-health-insurance-spikes-1472061666
The Obama administration, seeking to reassure consumers who could be
concerned by increases in more states in the coming weeks, released an
analysis showing financial help from the government could soften the
blow for people who qualified.
Some insurance regulators have
begun announcing their approval of rate increases, including an average
jump of 62% for the biggest plan in Tennessee and increases of around
43% in Mississippi and 23% in Kentucky for large carriers.
The
Department of Health and Human Services said in an analysis issued on
Wednesday that tax credits available to some lower- and middle-income
Americans, which are pegged to the cost of insurance in a particular
area, would blunt the impact and ensure that around three-quarters of
the people who obtained insurance through HealthCare.gov would pay less
than $75 a month for coverage.
Of course the States approve these increases they are in lock step with the Federal government.
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