Report: Obamacare May Raise Insurance Premiums 400 Percent
2:18 PM, Aug 8, 2013 • By MICHAEL WARREN
Insurance companies are saying premiums could increase up to 400 percent as a result of Obamacare. Maryland ABC affiliate WMDT reports:
"The estimated increases would be tied to the cost of implementing the new regulations, taxes, fees, and mandates in the health care reform law," the anchor says. "The average increase is expected to be about 100 percent and could be as high as 400 percent, according to a report released on Monday."
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