Wednesday, March 26, 2014

This Would Be the Beginning of the Death Spiral: Game Over

This would be the beginning of the end it it pans out this way.  This is from David Morgan and Caroline Humer at Reuters

WellPoint Inc, which sells plans on 14 Obamacare exchanges, expects health insurance rates nationwide to be higher. Increases for the Obamacare market that has signed up about 5 million people to date is expected to outpace those in the employer-sponsored market, which serves about 170 million people.

"Looking at the rate increases on a year-over-year basis on our exchanges, and it will vary by carrier, but all of them will probably be in double digit plus," Ken Goulet, president of WellPoint's commercial business, told investors in New York on Friday.