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Subject Rate Shock: In California, Obamacare To Increase Individual Health Insurance Premiums By 64-146%

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Original Message Rate Shock: In California, Obamacare To Increase Individual Health Insurance Premiums By 64-146%

Avik Roy, Contributor

Last week, the state of California claimed that its version of Obamacare’s health insurance exchange would actually reduce premiums. “These rates are way below the worst-case gloom-and-doom scenarios we have heard,” boasted Peter Lee, executive director of the California exchange. But the data that Lee released tells a different story: Obamacare, in fact, will increase individual-market premiums in California by as much as 146 percent.

[link to www.forbes.com]

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