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Artful Dodger: Yes, it is renewal time for my "group" insurance plan at work. It is going up 89%!! The agent has done a search for other companies, and they have all gone up significantly as well. When I asked why, I was told it's "in preparation of health care reform". She said we are lucky, the companies that are renewing after Sept 23 will have even higher increases.
We are a very small company. We don't know what we are going to do. They may eliminate my health insurance.
rod03801: Sounds like the companies are trying to do some daylight robbery in the mean time till they enter into a market where they will 'miraculously' find they can lower prices.
Pretty standard from what I gather from your country's insurance companies. Try asking them for what reason have the plans been going up way above the rate of inflation in the USA for years and years!!
rod03801: I'll find out my increase in about three weeks. I have very little out of pocket for my premiums because my wife has her own insurance. But imagine all those retirees who pay they own way (like my mother). It's close to 1000 a month for insurance. That's likely to put many on the public assistance (tax payers will now foot the bill). So Obama's (your premium rates will not increase) promise is just another in a long string of Obama lies. Premium rates go up and so will your taxes. I figure I'll pay over two thousand in total increase. Great.