View Full Version : Insurance Premiums to go up 300%.
Well this should be interesting. Insurance premiums do not renew until Jan 1.
The current insurance role is 65-45.
The new mandate is 85-15.
It is expected that premiums will begin increasing after Jan 1 and may be up to 300%.
Your government in action. Purposely killing and entire section of American business.
The people have be sold a bill of goods.
The insurance bubble is beginning. Stocks are on the rise.
Take advantage of the next 4-5 years and get out.
03-23-2010, 12:12 PM
It doesn't matter. Everybody will have it, and we are going to save money by adding 30 million more people as the taxpayers subsidize their new higher premiums. Just remember, it's all about reducing government expesnes.
Oh yeah, and collecting more taxes!
People in the insurance industry are estimating they have 3-4 years left.
B-B-B-BUT O-O-O-OB-B-B-OMMMMMMUH SAID PREMIUMS WOULD FALL BY $2,500.00 A YEAR!!!!
03-23-2010, 02:02 PM
<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Sev</div><div class="ubbcode-body">People in the insurance industry are estimating they have 3-4 years left. </div></div>
that makes ssense. Cutting Medicare to pay for healthcare means they will have more people on medicare with less money to pay claims. So they will need to lower the amount they pay out.
I read last week that one of the large national drugstore chains will no longer accept new medicare patients for prescriptions.
Let the rationing begin!!!
Do you have any links to this info so that we can read it from the source?
I'll see what I can find. It was a radio interview with a woman in the the industry.
I know the politico just came out with an article but have not looked at it yet.
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