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Rising insurance premiums will result in the extermination of what is left of middle class America and small business owners. Insurance premiums approaching $2,000 a month for a family of 4. That should bode well for a consumer based economy along with the higher taxes. Housing prices should rise on the back of this as well?
There is more to this Q&A. I just chose the most important one. Google WSJ to read the rest.
A full Q&A on what just happened from the WSJ's Lousie Radofsky Q: What will happen to my insurance premiums? A: Most consumers can expect to keep seeing increases in premiums and co-payments because the underlying cost of health care is expected to rise. The law contains a few mechanisms to curb premiums, but it also requires that many insurance providers make their benefits more generous, which will raise their cost. Older people could see their premiums go down because of the new age rating rules insurers will face. People who buy policies without the help of an employer could get a better deal by being able to shop on the exchanges, where comparing plans will be easier than before.
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