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Private Health Plan Rates Are Set To Spike Next Year

By Scott Gottlieb (original source Forbes)

“It isn’t just Obamacare premiums that are set to spike next year.

The rates on commercial healthplans that are sold off the Obamacare exchanges will also rise, by double digits in most states. Inflation in the health plan sector continues to grow. The latest data comes from a regular survey of commercial insurance brokers, conducted by the investment bank Morgan Stanley MS +0.00%. The survey tracks how much the annual increases built into the price of insurance are rising or falling.

President Obama famously promised that the Affordable Care Act would not only slow the growth in health care costs, but would also reverse these trends, making the average health insurance plan cheaper. That isn’t happening.”

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